- A recent ruling by the Italian Supreme Court states that VAT is deductible for properties registered as residential but used for professional or business activities. This decision contradicts the usual practice of the Italian tax authorities. The court ruled that VAT related to a garage, part of a property used for professional activities, is deductible even if the property is registered as residential. The tax authorities argued that VAT should be non-deductible based on specific legal provisions, but the court found this argument unfounded.
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.
Latest Posts in "Italy"
- VAT Refund Procedures for Foreign Charter Companies with Permanent Establishments in Italy
- Final 2026 Forms for Single Certification and Annual VAT Declaration Now Available Online
- Italy Clarifies VAT Rates for Artistic Foundries Producing Contemporary Artworks Under Client Supervision
- Faster VAT Collection: 2026 Budget Law Introduces Automated Assessment for Omitted Declarations
- New 2026 VAT Forms Approved: Changes to Deduction Adjustment Calculation Included
