- The Omnibus Corrective Decree 2026 extends the VAT deduction and invoice registration deadline from 1 year to 2 years.
- VAT can now be deducted no later than the annual return for the second year after the right arises.
- For cross-year invoices, taxpayers may either register them before the prior year’s annual VAT return deadline and deduct them in that year, or register them later and deduct within the new 2-year period.
- The same 2-year extension also applies to credit notes/adjustment notes.
- Periodic VAT liquidations do not change: January invoices for December transactions still cannot be included in December’s periodic settlement.
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.
