- The article discusses the complexities of VAT deduction adjustments, which may require returning or recovering part of the already deducted VAT.
- Adjustments occur when there are changes in the use, tax regime, or deductibility percentage of purchased goods and services.
- The guide explains when adjustments apply, how to correctly fill out line VF70, and provides practical examples.
- For VAT deduction adjustments, certain goods are not considered depreciable if their unit cost is below 516.46 euros or if their depreciation rate exceeds 25 percent.
- Buildings and parts of buildings must be considered depreciable with a ten-year adjustment period starting from purchase or completion.
- For buildable areas, the ten-year adjustment obligation starts from the completion date of the buildings on them.
- A specific section, Prospect D, is provided to help determine the total adjustments to be noted in line VF70 of the 2025 VAT model.
- Each type of adjustment is listed in a specific line, with amounts indicated as increases or decreases in deduction.
Source: commercialistatelematico.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.
