3 digital platforms appeal Italy’s VAT assessment on their barter exchange of free platform access for users’ data It is being reported by Reuters that Meta, X and LinkedIn have appealed at tax court the VAT assessments they are facing on the free exchange of
Competition from EU states forces reduction from 22% VAT rate to 5% reduced rate Italy’s Council of Ministers on 20 June agreed cut the VAT rate on sales of art, antiques and collectors’ items sales from the standard 22% rate to the reduced 5% rate, responding
Italy steps up AI to Combat VAT Fraud and Strengthen Tax Enforcement The Italian Tax Authority, Agenzia delle Entrate, is intensifying its use of artificial intelligence (AI) to close the VAT gap and strengthen its tax enforcement framework. This strategic shift is aimed at addressing
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
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
