- Italy’s tax authority clarified that a VAT refund on works carried out on third-party property is allowed only if the asset is instrumental to the taxpayer’s business activity.
- The ruling reaffirms that there must be a direct connection between the expenditure and the activity carried on; mere incurrence of deductible VAT is not enough.
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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