Italy released a new ruling (No. 117) which clarifies the necessary evidence that businesses must keep regarding intra-EU transport of goods.
The Ruling prescribes that the following conditions must be fulfilled in order to apply the VAT zero-rate:
- The documentation must identify all the parties involved (Italian supplier, carrier, and EU purchaser) and the relevant data for the underlying intra-EU transaction is provided; and
- The documentation is retained by the Italian supplier, along with the relevant intra-EU sales invoices, bank documents, contracts, and Intrastat forms.
Source Deloitte
Note from editors: This may not seem a dramatic change or clarification, as these conditions must already be fulfilled. What’s new is that these conditions are now laid down specifically in a Ruling.
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