- The right to deduct VAT is subject to the use of goods and services in taxable transactions
- If there is a discrepancy between the intended use of goods and their actual use, a correction of the initial deduction must be made
- The DPR 633/72 defines the procedures for realignment in case of change in use, change in VAT regime, or deviation of pro rata by more than ten percentage points
- Correction must be made in one go for all goods and services in the company
- Emphasis has been placed on the correction to be made when exiting the lump sum regime for exceeding revenue thresholds
- Circular no. 32 clarifies the procedure for recovering the originally undeducted tax if exiting the regime during the year
Source: eutekne.info
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.
