- The Italian Revenue Agency issued guidance on VAT refund eligibility for depreciable goods in a VAT group.
- The taxpayer in the renewable energy sector sought clarification on VAT refunds for depreciable assets.
- VAT refunds are allowed for purchases of depreciable goods, including photovoltaic systems.
- Eligibility applies even if the VAT group is less than two years old, if members have been active longer.
- Refunds apply to goods used for business over a medium to long term, regardless of ownership.
- Refunds exceeding 30,000 euros can be granted without a guarantee if specific conditions are met.
Source: news.bloombergtax.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.
