- The text is a response to a specific query regarding the incorrect application of the ordinary tax regime instead of the tax suspension regime for fuel transfers.
- The query is made by a non-resident company registered for VAT in Italy.
- The company purchased and sold diesel fuel for motor use in November 2021, with a chain of suppliers and buyers involved.
- The fuel was placed under tax suspension in a Greek fiscal warehouse and then transported to an Italian fiscal warehouse.
- The company did not have the required storage authorization, and VAT was applied to the transactions.
- A price adjustment led to the issuance of a credit note to one of the buyers.
- The credit note affected the VAT declaration for the 2021 tax period.
Source: agenziaentrate.gov.it
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.
