Further clarifications on the subject of VAT variation notes in continuous or periodic execution contracts in the response to ruling no. 386 of 2022: confirmations and news
With the response to question n. 386 of 20 July 2022, just over a year after the reform made to art. 26 of Presidential Decree 633/1972 by the decree-law of 25 May 2021, n. 73 (the so-called “ Sostegni bis Decree ”) converted with amendments by law no. 106, the Financial Administration again intervened on the discipline of the notes of variations in reduction of VAT, providing clarifications in relation to five specific situations accompanied by the non-fulfillment of sums due on the basis of a supply contract concerning continuous and periodic services of goods.
Source PwC
See also Ruling 386: VAT Variation Notes – Criteria for issuing in special cases
