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Good to know

If one of your customers goes bankrupt, you have the right to request VAT refund, provided that you are familiar with the local formalities: do you have to request VAT regularisation to be made as soon as the customer's bankruptcy is declared or only at the closure of the bankruptcy (which can take up to ten years as in Italy)? What documents do you need to send to the tax authorities? What administrative or judicial recourses are available in case of unjustified refusal?

VAT refund is a fundamental right for every company. But exercising this right is sometimes difficult.