- Italy has extended the deadline to deduct/recover input VAT: instead of the annual VAT return deadline for the year the right arose, taxpayers now have until the annual VAT return for the following year.
- Article 19 of the Italian VAT Decree was amended accordingly, and Article 25 was aligned for invoice registration.
- Example: input VAT arising on a 21 July 2026 purchase can now be claimed in the 2028 annual VAT return (filed by 30 April 2029), whereas under the old rule it would have been lost by 30 April 2027.
- The change reflects that mandatory e-invoicing has removed the control concerns that justified the shorter 2017 deadline.
- No transitional rules were included, so it is unclear whether the new deadline can also be applied to input VAT from prior years (2024 and 2025).
Source: dlapiper.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.
