It's tax return time and one wonders more and more how much and what you can deduct from Irpef of your veterinary expenses incurred in the year 2015.

You will find useful information in the guide for taxpayers published by the Inland Revenue Agency. Taxpayers can deduct from the IRPEF 19% of veterinary expenses incurred up to the amount of EUR 387.34 and limited to the amount that exceeds € 129.11. This possibility of deduction applies to all animals held legally for the purpose of company or for sports, such as dogs, cats, caged birds and racehorses.

The tax benefit does not apply to animals intended for breeding, reproduction or food consumption, for animals bred or kept in the exercise of commercial or agricultural activities and to those used for illegal activities or detained in the house illegally. Going in practice on balance the deduction may permit a maximum tax saving of 49.06 Euro that is 19% of 258.23 Euro (maximum amount net of allowance of EUR 129.11).

Documentation of deductible expenses (and deductible) is generally made up of invoices, receipts, or receipts issued to the taxpayer who has received the sums with indication of their tax code or VAT number. The taxpayer has no obligation to enclose any documentation to their return. Invoices, receipts or anything else must be kept in the original form for the entire period during which the Inland Revenue Agency has the opportunity to request them.

Naturally, also veterinary medicinal products come under the potentially deductible expenditure. In this case you must be in possession of the invoice or receipt indicating the nature of the product (so we will find written drug, medicine or acronyms or abbreviations clearly related to drugs), the quality of the goods (under the form of the marketing authorization number) and the quantity of items sold. To this must be added the tax code of the recipient of the drug.