Italy Tax Agency Clarifies Exclusion of Theoretical VAT on Non-Taxable Transactions From Recorded Payment Calculations

The Italian Revenue Agency April 29 issued Letter No. 123/2025, clarifying the exclusion of theoretical VAT on non-taxable transactions from recorded payment calculations. The taxpayer, a company specialized in shipping and logistics services for trade fairs and events, sought clarification on whether it could include theoretical VAT on non-taxable transactions in the calculation of payments recorded in its tax account. The Tax Agency clarified that: 1) operations including certain transportations of goods for export and import, as well as services relating to customs operations, are objectively not taxable for VAT purposes, and thus no applicable payment could be found even ...