- VAT incurred on investments in work on third-party assets may be refundable.
- The assets must be depreciable and instrumental to the taxpayer’s business activity.
- Applies to renovation or improvement work on assets leased or legally available to the taxpayer.
- Based on guidance from Italian tax authorities (Resolution No. 20/E, 26 March 2025).
Source: taxathand.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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