- Italian Supreme Court ruled against VAT penalties for non-operational companies
- Decision aligns with European Court of Justice’s interpretation
- Non-operational companies face restrictions on VAT credit refunds
- VAT deduction should be based on actual economic activity
- Companies must demonstrate economic activity to qualify for VAT deductions
- Denial of deduction only allowed with evidence of fraud or abuse
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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