It should be noted that as a result of the changes made by the 2017 Budget Law, the reference provisions (paragraph 2, of article 26, of Presidential Decree no. 633 of 1972) have been amended, in order to clarify that the issue of the credit and therefore the exercise of the right to deduct is conditional on the unsuccessfulness of the bankruptcy procedures, hence the decrease in the taxable amount.
Source: commercialistatelematico.com
Latest Posts in "Italy"
- Re-emergence of VAT Credit After Regularizing Missed or Insufficient Periodic Payments in Annual Return
- 10% VAT Rate for Medical Devices Classified as Medicaments, Confirms Tax Agency
- VAT Exemption Limited to Direct Transfer of Shares, Rules Italian Tax Agency
- VAT Credit Offset: Increased 70,000 Euro Threshold for High ISA Score Taxpayers in CPB
- No VAT Exemption for Non-Essential Laundry Services in Nursing Homes, Tax Agency Confirms
