- The 2026 VAT model instructions reflect updated interpretations regarding VAT refunds for works on third-party property.
- The new interpretation is based on the principle of VAT neutrality and the substantial equivalence between deduction and refund.
- The concept of “depreciable assets” should be understood broadly, referring to investment goods used for business or self-employment over a medium-long term, regardless of their legal classification or direct tax depreciation rules.
Source: ipsoa.it
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.
Latest Posts in "Italy"
- EGC VAT Case T-231/26 (Agenzia delle Entrate Direzione Provinciale Genoval) – Questions – VAT deductibility of general expenses for auctioneers under margin scheme
- EGC VAT Case T-232/26 (Appellant_1 Srl ) – Questions – VAT deductibility of general expenses for auctioneers under margin scheme
- Monthly Reporting for Unused POS Terminals for Payment Acceptance
- Personnel Secondment and VAT: When Cost Reimbursements Become Taxable
- Updated ViDA Implementation Plan for VAT in the Digital Age
