How and when must the choice between invoice discount or tax credit transfer be communicated?
For works carried out both on the properties and on the common parts of buildings, the communication of the choice must be presented to the Agenzia delle Entrate exclusively electronically and using the specific model, through the web service available in the reserved area of the website of the Agenzia delle Entrate or through the agency’s electronic channels.
The communication must be submitted by 16 March of the year following that in which the expense – for which the choice is given – was incurred. For the costs incurred in 2020 the communication can be submitted beginning from 15 October 2020.
The communication of the transfer of tax credit relating to the tax credit instalments not utilised must be sent by 16 March of the year of the deadline for submitting the tax return in which the first instalment of the transferred unused tax credit should be indicated.