Italy requests VAT opinion social platforms barter arrangements from VAT Committee 16 April 2025: Italy has requested from the VAT Committee (the EU’s non-binding advisory group) an option on the VAT liabilities on ‘free’ social media platform services to consumers in exchange for the right
Small taxpayers, pre-completed VAT returns launch based on SdI e-invoicing The Italian Revenue Agency has extend the option of pre-filled VAT returns this month for certain taxpayers. These are based on 2024 transaction data submitted via the Italian SdI e-invoicing regime. The service will be
2025 tough VAT Requirements for non-EU taxpayers with VAT fiscal representatives Italy has published two new, stringent regulations affecting non-EU resident entities engaging in VAT activities through an Italian VAT representative. These changes, set out in two decrees issued on 4 December and 9 December
VAT compliance & reporting rules in Italy 2025 Below is summary of the major rules provided under Italian VAT rules (VAT Act (DPR 633/72)), plus adoption of EU VAT Directive provisions. Check our country VAT guides for other jurisdictions. Our VAT Calculator & VAT Filer products on
2025 Budget extends B2B anti-VAT fraud measure Italy’s 2025 Budget, including the extension of the domestic reverse charge – eliminating the VAT-element of invoice payment to reduce fraud opportunities. The domestic reverse charge removes the VAT cash payment on B2B deals which are subject to
Sept 2024: Reductions in penalty fines for VAT compliance and payment infringements Italy has softened many of the rules and rates around its VAT penalty regime from 1 September 2024. Specific measures relate to: Fines for late returns; Fines for unpaid VAT; Penalties on late
Non-EU taxpayers must provide financial guarantee The Italian VAT law has been updated to require non-EU established businesses with a non-resident VAT number to provide a financial guarantee to the tax authorities if they are performing intra-community supplies from/to Italy. Fiscal representative will themselves have
Meeting anti-fraud tax gap targets helps unlock EU COVID funding ahead of schedule Italy’s Treasury has released Istat data for 2016 to 2021 revealing major improvements in closing down tax fraud and the tax gap – the difference between forecast and received fiscal revenues. The
1 Jan 2024: micro businesses mandated in SdI e-invoicing All remaining businesses with a turnover not exceeding €25,000 per annum are included within the SdI e-invoicing obligations from 1 January 2024. Over the past two years, there has been a phased introduction for small businesses.
Further extension of VAT rate cut to natural gas supplies until 31 December 2023 Italy has gazetted an eighth extension to the super reduced VAT rate on the supply of nature gas. The rate will continue to be 5%. The current temporary cut from 2021
