With article 18, Law Decree 73/2021 the legislator has introduced the right for the supplier to issue a variation note for the recovery of VAT previously charged by invoice, at the time when the insolvency procedure involving the acquirer begun.
The rule is in force for procedures opened as from May 27, 2021.
The right to deduct must be exercised by the date of submission of the VAT return relating to the year in which the variation note is issued.
