- Italy and the United Kingdom entered into an agreement on 7 February 2024 regarding VAT refunds
- UK companies not established in Italy will not submit direct claims for refunds of VAT paid on goods and services in Italy
- Instead, they will claim VAT refunds under the process set out in Council Directive (EU) 560/1986
- The agreement applies retroactively to refund claims from 1 January 2021.
Source: kpmg.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.
Latest Posts in "Italy"
- CPB: Early Exemption from Compliance Visa for VAT Credit Offsetting up to 70,000 Euros
- 10% VAT Applies to Musical Entertainment Accessory to Restaurant Services, Rules Italian Supreme Court
- Deductibility of Non-Deductible Pro Rata VAT: Cash or Accrual Basis for Businesses?
- Expense Recharging Between Unassociated Professionals: VAT Rules and Invoicing Obligations Explained
- EU VAT Showdown: Is User Data a Taxable Payment for Free Digital Services?
