1 PREMISE
Article 18 of Decree-Law No. 73 of May 25, 2021 (so-called “Support-Bis Decree,” also “d.l. 73/2021” for short), converted with amendments by Law No. 106 of July 23, 2021. 106, introduced substantial changes to the discipline of decreasing changes in the VAT taxable amount or the tax due, pursuant to Article 26 of Presidential Decree 633/72, providing that, in the case of non-payment of consideration related to insolvency proceedings, one no longer has to wait for the conclusion of those proceedings.
However, the new rules are applicable for procedures initiated as of May 26, 2021, the date of entry into force of the same Sostegni-bis Decree, while for pre-existing ones the previous rules remain in place.