Regenerating VAT credit for non-operating companies: guidelines from the Italian Revenue Agency

• It is possible to regenerate the VAT credit of non-operating companies if there is a cause of exclusion.
• If a VAT credit is used in compensation beyond the limit, it can be regularized by paying the excess VAT used, plus interest and reduced penalties.
• The regenerated VAT credit can be used in compensation for future tax debts and contributions within the specified limits.
• This is stated in the response to inquiry no. 10 of 2024 by the Revenue Agency.

Source: ipsoa.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.