- 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.
Latest Posts in "Italy"
- Italy Requires €50,000 Bank Guarantee for Non-EU Businesses’ VIES VAT Registration
- In 2026, Automatic Low-Risk VAT Refunds with AI to Boost Anti-Fraud Efforts
- Commission Backs Italy’s VAT Derogation on certain vehicles Through 2028
- Briefing Document & Podcast: Italy’s E‑Invoicing, E‑Reporting, and E‑Transport: Scope, Timeline & Key Details
- Standard VAT Rate Applies to Hearing Aid Repairs; Reduced Rate Only for Sales, Not Services
