- The draft legislative decree on the Third Sector, sports, and VAT proposes a formal revision of Article 19-ter of DPR 633/72 regarding VAT deduction for non-commercial entities.
- The changes aim to clarify and systematize the regulation, ensuring greater coherence with national and EU principles, without altering the substance of VAT deduction rights.
- Currently, VAT deduction is allowed only for purchases related to commercial or agricultural activities, provided separate accounting is maintained.
- The new text replaces references to “commercial or agricultural activities” with the broader term “economic activity,” aligning terminology with the EU VAT directive.
- The reformulation also generalizes the scope, no longer specifically referencing Article 4, paragraph 4 of DPR 633/72, but instead addressing all entities conducting economic activities non-exclusively.
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.
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