Italy: Clarification issued on VAT Refunds for non-residents
Rome: The Italian Revenue Agency issued Answer No. 147/2024, clarifying the application of VAT refunds for nonresidents. The clarification was in response to an inquiry from a company incorporated under German law that had received invoices from Italian suppliers with a 22 percent VAT applied at the national ordinary rate.
The taxpayer had not submitted a declaration and inquired about the correct procedure to obtain reimbursement for the VAT surplus generated from passive operations. The Tax Agency provided the following clarifications:
The taxpayer forfeited the right to recover the specified VAT surplus due to missing the prescribed deadlines.
The right to retroactively attribute the specified VAT number is excluded under these circumstances and is only possible if carried out within a reasonable time from the date of the first purchase transaction.