- Reducing coefficients related to real estate and equity for the operational test will make it easier for many companies to avoid being considered inactive and thus avoid penalties.
- The penalties include paying taxes on a notional income, increased IRES rate, and limitations on carrying forward and using VAT credit.
- For companies with fiscal periods that do not coincide with the calendar year, it is not clear how to apply the limitations on VAT credit.
- Article 3, paragraph 45 of Law 662/96, which is still in force, clarifies that for inactive companies, the excess credit resulting from the VAT declaration for the year that includes the fiscal year or the majority of it is not refundable.
- This rule applies to both reimbursement and compensation and cession of VAT credit.
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.
