In the context of insolvency procedures, the VAT credit brought from the invoices issued by the professionals during the allotment – once correctly re-determined in its extent – can be offset against the tax debts of the procedure, without prejudice to the civil procedure to protect the “par condicio creditorum “. Alternatively, the right to request a refund of the VAT credit remains unaffected. This was clarified by the Inland Revenue with the response to ruling no. 521 of 19 October 2022, with which it provided clarification on the compensation of the tax credit towards the mass with the tax debt towards the bankrupt
Source: ipsoa.it
