- VAT incurred on investments in work on third-party assets may be refundable.
- The assets must be depreciable and instrumental to the taxpayer’s business activity.
- Applies to renovation or improvement work on assets leased or legally available to the taxpayer.
- Based on guidance from Italian tax authorities (Resolution No. 20/E, 26 March 2025).
Source: taxathand.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.
Latest Posts in "Italy"
- Amazon EU Faces Possible Trial in Italy Over Alleged Tax Evasion by Non-EU Sellers
- Italian Revenue Agency Confirms VAT Deductibility for SPVs in Leveraged Buy-Out Transactions
- Extraordinary Transactions and VAT Return: Rules and Model Completion for 2026 Filing
- VAT Refund Allowed for Costs Classified as Tangible Fixed Assets Under Construction: Supreme Court Ruling
- Italy Confirms 10% VAT for All Waste Transport, Excludes Landfill and Incineration Disposal
