ApprofondimentiCircolariMemorandum N. 9 Jan. 26, 2024 Importing goods for processing or repair: VAT regime

26 January 2024

Many companies that import goods to be processed or repaired, instead of adopting the inward processing or temporary importation procedure under suspension of VAT and customs duties, opt for the simpler final importation and then proceed to export once the goods have been processed or repaired. In doing so, however, the VAT on importation becomes non-deductible according to the rulings of the E.U. Court of Justice and the Italian IRS.

 

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