- ANC and Confimi Industria released a joint statement on the new VAT Consolidated Act effective from 2027, praising it but suggesting improvements.
- The attached analysis highlights the right to retroactively claim VAT deductions for year-end invoices, referencing a recent EU court ruling (T-689/24).
- Suggestions include simplifying the reverse charge mechanism in construction and improving VAT compliance and reporting procedures.
- The document criticizes current Italian rules (art. 1 DPR 100/98) for violating EU principles by not allowing VAT deductions for invoices received at the start of the new year.
- Delays in reform could trigger EU infringement procedures, but the associations caution against premature retroactive claims before legal changes are implemented.
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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