- The company [ALFA] is seeking clarification on whether they can issue a VAT adjustment note in advance due to renouncing a credit they have against a bankruptcy.
- The company believes that renouncing the credit is a valid reason to issue a VAT adjustment note according to article 26 of the Presidential Decree n. 633/1972.
- The Agency of Revenue states that according to article 26 of the VAT decree, if an operation for which an invoice has been issued is later nullified or reduced, the seller has the right to deduct the corresponding tax.
- The article specifies that this deduction cannot be applied after one year from the operation, unless there is an agreement between the parties, and it can also be applied in case of billing inaccuracies.
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.
