- The ODCEC Foundation of Milan provided clarifications on VAT deduction in imports
- It is possible to use the shippers’ statements as long as they are consistent with the data from the Customs and Monopoly Single Point (PUDM)
- The starting point for VAT deduction is the “release date”, which determines the deadline for deduction
- Relying on the “generated on…” date in accounting summaries may not be appropriate
- Special attention should be paid to imports at the end of the year
Source: ipsoa.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.
