- The EU extended Italy’s authorization to restrict input VAT deductions for motorized road vehicles used partly for non-business purposes.
- Italy can continue limiting VAT deductions to 40% of related vehicle expenses.
- The authorization is now valid until December 31, 2028.
- Italy must request any further extension by March 31, 2028.
- The decision took effect upon notification.
Source: news.bloombergtax.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.
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