Streamlining Procedures for Recovering Non-Deducted VAT in MLBO Transactions: Assonime’s Analysis

• Assonime reviewed recent guidelines on recovering non-deducted VAT in MLBO transactions.
• The Italian Revenue Agency now allows the vehicle company in MLBOs to deduct VAT on transaction costs and has clarified recovery methods for past years.
• The Agency excludes the use of amended tax returns for past VAT recovery, allowing refunds only under strict conditions per art. 30-ter DPR 633/72.
• Assonime highlights concerns about the limited remedies and strict evidentiary requirements for recovering VAT credits from previous years.
• Assonime questions the Agency’s decision to set August 9, 2024, as the starting date for refunds, linking it to the formal recognition of the right to VAT deduction by the Supreme Court.

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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