VAT Deduction on Debit Notes for Transactions from Previous Periods: Rights and Deadlines Explained

• The Italian Revenue Agency clarified that, in the absence of fraud, buyers can deduct additional VAT charged via a debit note for previous transactions, even if received after the deadline for the relevant year’s VAT return.
• The right to deduct VAT starts from the issuance of the debit note and can be exercised at the latest with the VAT return for the year in which the buyer receives the note.
• According to law, the right to deduct VAT arises when the tax becomes due and can be exercised by the deadline for the VAT return of the year in which the right arose, provided the buyer has a valid invoice and the tax is due.

Source: softwaregb.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.

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