The refund of VAT is granted even if a VAT taxable person issues an invoice by mistake and the recipient does not register it and does not exercise the right of deduction.
Instead, the same VAT taxable person can not issue a credit note.
Source: Italian Tax Administration – Letter ruling No. 762 of the 4 November 2021 (in Italian)
Contribution by Fausto Capello of Gianni & Origoni
Latest Posts in "Italy"
- When Is an Intra-EU Discount Considered a VAT Barter Instead of a Commercial Discount?
- Pro Rata VAT: When Alternative Criteria Are Allowed Over the Ordinary Method According to Cassation
- Italian Businessman Arrested for Laundering VAT Fraud Proceeds in EPPO Venice Investigation
- Public Entity’s VAT Liability Persists Despite Management Delegation and Public Law Status
- VAT refund opportunities until 9 August 2026 for transaction costs in merger-leveraged buyout transactions
