- Italian tax authorities clarified that an importer can deduct VAT paid at customs even if they do not own the goods, provided there is a direct link to their business activities. The deduction is valid if the customs invoice is properly recorded in the VAT purchase register. This clarification is important for companies involved in cross-border operations, emphasizing the need for proper documentation to support VAT deduction rights.
Source: easytax.co
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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