Highlights
- Jan 1, 2022: Input e-invoices documenting purchases from foreign business suppliers must be submitted through the SDI portal
- Jan 1, 2022: Italy replaces Esterometro with SdI
- July 1, 2022: Mandatory E-Invoicing between Italy and San Marino for the supply of goods
Taxable persons
Taxable transaction
- Ruling #536: Trademark included in a transfer of a going concern
- Ruling #523: Voucher – VAT regulation
- Ruling #475/2021: VAT treatment of training services rendered by individual speakers to training course organisers
- Ruling #503/2021: Tax Authorities Clarify Definition of Ancillary Supplies
- Call off stock: the new national VAT rules are on the way
- Virtual wallet and vouchers
Taxable Amount
- Ruling #529: Tax treatment applicable to price adjustments on the taxable base
- Tax authorities question issue guidance about VAT rate of bakery products
- Tax authorities question issue guidance about VAT rate for medical devices
Rate
- VAT rate of 5%, even though there is a audio guide in the transport price for waterways
- VAT rules for zero-rating of ocean-going vessels, pleasure boats
Exemption
- Answer n. 548 – Vaccines against Covid-19 – Strictly connected services – Exemption with right to deduct
- Italian Tax Authority Rules on Whether Advisory Service in Connection with a VAT Exempt Supply May Qualify as an Exempt Ancillary Supply
- Reduced VAT rate for supplements with therapeutic properties
- Clarification #507: COVID19 – VAT Exemption Under EC Decision Due to Coronavirus
- The ECJ’s Radio Popular judgment and its impact in Italy
Deduction of VAT
- Ruling #495/2021: Helicopter leasing contract – deductibility of VAT paid on leasing payments
- COVID-19: Right to deduct VAT on vaccines even if onward supply is VAT exempted
- Incorrect VAT deduction and 90% penalty
- Supreme Court: no input VAT deduction for deposit for preliminary sale of property
- Ruling #509: The deduction of VAT paid on import by the transferee is allowed in the event of call-off stock
- Import VAT: deductions with consignment stock contract
- Consignment stock and right of deduction
Refund of VAT
Liability to pay VAT
- Ruling #549: Railway network and immovable property
- Reverse charge for the service rendered in Italy by a business in another EU country
- Italian Revenue Agency Issues Release on Tax Payment Deadline Extension to 15 September
- Deadline for VAT payments postponed till Sept 15, 2021 that expire from 30 June to 31 August 2021, without surcharge.
- A non-established supplier VAT registered in Italy wrongly applying VAT to an Italian established customer does not need to make any…
Invoicing
- Italy Publishes Technical Rules for Electronic Invoicing for Transactions with San Marino
- Credit note during a judicial annulment
- Mandatory E-Invoicing between Italy and San Marino also applicable for non-established entities with Italian VAT number
- Electronic invoicing scheme between Italy and San Marino
- Electronic invoicing via SDI becomes mandatory from July 1, 2022 for transactions between Italy and San Marino, only for the supply of goods
Reporting
- Italy replaces Esterometro with SdI from 2022
- Pre-filled VAT returns, the new way forward? These countries (will) implement(ed) it ….
Digital Services Tax
Other
See also VAT Developments in Italy – 50 newsitems June 1-July 15, 2021
