We would like to draw your attention to the issue of issuing VAT adjustment notes (credit notes) in cases where receivables from debtors subject to insolvency proceedings remain unpaid.
Where invoices have been issued but remain unpaid due to such proceedings, it is in fact possible to recover VAT already paid by issuing a credit note, in accordance with Article 26 of Presidential Decree 633/1972.
The time limits for issuing the credit note vary depending on the date the proceedings were opened.
