- The right to deduct VAT is granted if the invoice is possessed in the relevant tax year, even if received in a later tax period.
- The EU Court of Justice (C-689/24, February 11, 2026) established this principle.
- This marks a significant change in jurisprudence regarding VAT deduction timing.
- The Italian tax administration’s current position is noted in light of this new ruling.
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.
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