- The Italian Revenue Agency issued an answer on December 13, 2024, regarding tax credits for ceased professional activity
- A professional surveyor inquired about using a 110 percent super bonus tax credit after closing their VAT registration due to business cessation
- The taxpayer questioned if ending their business and VAT number would affect their ability to use the tax credit against income tax from 2025 to 2027
- The Agency confirmed that closing the business does not prevent the taxpayer from utilizing the tax credits
- The Agency did not confirm eligibility for the tax credits as the source of the credits was unclear, possibly from discounted invoices or third-party purchases
- The credits must be used through an F24 form and cannot be directly applied in an annual tax declaration
Source: news.bloombergtax.com
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.
