Offsetting of instalments of tax credits from renovation works within businesses
Bolzano, 20.12.2024
We have already pointed this out to you several times in individual cases, but here once again as a reminder: tax credits which have been acquired by businesses in connection with renovation works through assignments of claims or also through the discount on outgoing invoices (so-called “sconto in fattura”) must be offset within the business in accordance with the same annual due dates as those on which they would have had to be deducted by the original beneficiary as tax deductions. It follows, for example, that in the case of an invoice discount in the year 2023 for renovation works which may be deducted over 10 years, the 1st tenth must be offset in 2024 by means of Form F24. If the offsetting is missed, the instalment is irretrievably lost.
We therefore ask you to check once again the offsettings carried out and, where applicable, to make a compensation with the VAT advance payment on 27 December.
Please do not hesitate to contact us if you have any queries.
Yours faithfully,
Dott. Comm. Josef Vieider
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