Exemption fuel card for purchases of fuel by debit or credit cards

The costs of company cars, with regard to the certification of fuel purchases made by VAT subjects at the roadside service, are subject to specific rules. "In particular, it is the so-called fuel card, established by Decree of 7 June 1977 and then updated with the particulars required by Presidential Decree 444/1997. The card replaces the bill, and is valid both for the purposes of the deduction of VAT, and to allow the deduction of the cost of acquisition for the purposes of income tax.

Article 7 of the above decree has integrated Development Article 1 of Presidential Decree 444/1997 providing that, contrary to what was reported, the VAT subjects which carry fuel purchases exclusively by credit cards, debit cards or prepaid cards issued by financial operators resident or having a permanent establishment in Italy, subject to the Tax communications, are not obliged to keep the fuel card. " Immigration Agency therefore clear that the exemption from the fuel card is possible only for fuel purchases made only by credit cards, debit or prepaid card registered to a person who exercises "the business activity, trade or profession."

 

06/18/2012

----------------------------------------

Translated via software

----------------------------------------

Source:

Italian version of CercaGeometra.it