The Italian Revenue Company Aug. 24 issued Letter No. 432/2022, clarifying the correct to implement for a VAT refund adhering to a business transfer. A organization, registered in Italy for VAT purposes, erroneously charged and paid VAT on transactions with a purchaser, who was subsequently denied a deduction for the VAT compensated. The supplier subsequently ceased small business functions, and its successor enterprise sought a clarification on who was entitled to declare a refund for the overpaid VAT. The tax agency clarified that: 1) the provider is entitled to declare a reimbursement of erroneously paid VAT, but should compensate the purchaser for …