- The Italian Supreme Court ruled that businesses can claim VAT refunds for maintenance or renovation work on third-party non-depreciable assets with a functional link to business activity.
- The ruling resolves legal inconsistencies and allows refunds for improvements on leased or borrowed properties.
- It extends VAT refund rights to various scenarios, potentially redefining “depreciable assets” and influencing interpretations of investment goods under EU directives.
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.
