- The right to deduct VAT allows for the recovery of part of the costs on purchases, but its exercise may depend on the correct registration of invoices. This analysis clarifies when it is possible to benefit from the deduction even in cases of omissions and how to handle complex situations to not compromise the right to deduction. The tax authority has confirmed a restrictive approach if the taxpayer intends to claim this right beyond the legal time limit. However, if the deduction was not claimed during the annual VAT return, it is still possible to submit a model.
Source: commercialistatelematico.com
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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