- The legislative decree on the third sector, business crisis, sports, and VAT was approved by the Council of Ministers and is under parliamentary review.
- It includes detailed changes regarding VAT deductions.
- The measures implement the fiscal reform law, awaiting broader VAT intervention.
- The law mandates revising deduction rules to align with actual use and harmonize deductibility criteria.
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.
Latest Posts in "Italy"
- Italian Supreme Court Rules Non-Deductible VAT on Non-Existent Transactions Not a Business Expense
- Company in Liquidation: VAT Deduction Allowed on Late Invoices for Liquidation Activities
- Resolution No. 50: Refund of Undue VAT (Article 30-ter of Presidential Decree No. 633/1972)
- Commercial Property Conversion to Residential: VAT Deduction Adjustment Required Under Italian Tax Law
- Italian Supreme Court Rules Non-Deductibility of VAT on Non-Existent Transactions for Business Income