- An EU-based taxpayer identified for VAT in Italy can access VAT refunds under art. 38-bis2 DPR 633/72 by opting for separate accounting (art. 36 DPR 633/72).
- This allows distinction between transactions linked to the Italian VAT number and those linked to the foreign identifier.
- The Italian Revenue Agency confirmed this in response to a Spanish company owning and renting out two Italian properties (one instrumental, one residential).
- The company can fulfill VAT obligations for residential rentals via the Italian VAT number and still access the VAT refund procedure for the instrumental property by separating activities.
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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