MIT Recognizes VAT on “Expensive Materials” Contributions: Review of Compensation Requests by Contracting Stations

• The Ministry of Infrastructure and Transport (MIT) has initiated an additional investigation on “expensive materials” contributions.
• The investigation aims to integrate the compensations with the additional amounts of VAT due from the contracting stations.
• The issue of non-recognition of VAT amounts applied to the compensations has been resolved.
• The situation has affected the ability of construction companies to receive legitimate compensation for the exceptional increase in construction material prices.
• The erogation of funds to the contracting stations was often blocked, causing dissatisfaction.
• The issue stems from the incorrect application of administrative indications provided by the Revenue Agency to the MIT.
• The measures provided by the DL 73/2021 were implemented to address exceptional price increases in construction materials in 2021.
• The resolution clarifies that compensation for higher material prices should include VAT.

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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