Businesses that make taxable supplies are entitled to recover Italian VAT incurred on purchases (known as 'input VAT') used for the purpose of making these taxable supplies other than those items that are specifically non-deductible (see below).
Businesses that make only exempt supplies cannot recover input VAT. Businesses that make both taxable and exempt supplies can partly recover input VAT (explained further below in 24.44) other than those items that are non-deductible.
VAT incurred on the following purchased items cannot be recovered:
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