WE STEADLY WORK TO PROTECT YOUR DEBTS WITH EFFICIENT AND TARGETED MEASURES
TAX DEDUCTIBILITY
The economic crisis is impacting on global economy and directly on the companies. This makes even more relevant the issue of tax deductibility regarding losses on debts and the opportunity the companies have to deduct their costs. This issue has two different views:
- The first is income-related, with reference to possible records of losses on receivables which are tax-deductible (article no. 101, Presidential Decree no. 917/86).
- The second is VAT-related, with reference to possible recovery of tax charged and paid over the invoices of non-performing debts (article no. 26, Presidential Decree no. 633/72)
RECOVERING VAT
The service of recovering VAT from bankruptcy proceedings includes full activities with the purpose of VAT variation note which are carried out by our consultants.
TAX DEDUCTIBILITY REPORT
For this purpose, it is essential to provide evidence of an existing objective event which may show debtor insolvency, namely the loss certainty (outcome report).
If unsuccessful debt recovery occurs, DCE draws up an “outcome report” where describes precise and certain elements of that uncolletable assigned debt necessary for loss recording.