- The Italian Revenue Agency clarified VAT refund rules for Spanish companies renting property in Italy.
- VAT on residential property rentals is non-deductible, but obligations are fulfilled via an Italian VAT ID.
- VAT refunds are allowed for industrial property rentals if invoices are addressed to the Spanish VAT number.
- Separate accounting must be used to distinguish between residential and industrial rental activities.
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.
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