- The Italian Revenue Agency clarified the concept of amortizable goods for VAT refunds.
- Article 30 of DPR 633/72 allows annual VAT refund requests for the purchase or import of amortizable goods.
- The Supreme Court ruled that VAT refunds apply to renovation expenses on leased properties, regardless of amortizability.
- The Revenue Agency adopted this ruling, revising the interpretation of amortizable goods.
- The previous resolution excluding VAT refunds for improvements on third-party properties is now overridden.
- The concept of amortizable goods is interpreted broadly as investment goods for VAT purposes.
- VAT refunds are available for works on third-party properties held under leases or similar arrangements.
Source: eutekne.info
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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