Decree Law no. 73 (published in the official gazette on 25 May 2021 and effective 26 May 2021) introduces a measure allowing taxpayers to claim “bad debt” relief for value added tax (VAT) purposes at the beginning of bankruptcy or insolvency proceedings without waiting for the proceedings to conclude.
Source: KPMG
Did you already have a look at our collection of ECJ cases related to ”Bad debts”? Click HERE
Latest Posts in "Italy"
- CPB: Early Exemption from Compliance Visa for VAT Credit Offsetting up to 70,000 Euros
- 10% VAT Applies to Musical Entertainment Accessory to Restaurant Services, Rules Italian Supreme Court
- Deductibility of Non-Deductible Pro Rata VAT: Cash or Accrual Basis for Businesses?
- Expense Recharging Between Unassociated Professionals: VAT Rules and Invoicing Obligations Explained
- EU VAT Showdown: Is User Data a Taxable Payment for Free Digital Services?
