The Simplification Decree has changed the discipline of qualified public creditors , in particular the reporting , by the Revenue Agency, of VAT debts , the threshold in absolute value of 5,000 euros is not raised , but another is added in value percentage of 10% with respect to the turnover relating to the previous tax period, and introduced a further generalized threshold of 20,000 euros.
Source: commercialistatelematico.com
Latest Posts in "Italy"
- Upcoming Consolidated VAT Code to streamline regulations
- Italian Tax Agency Communication on VAT Declaration Discrepancies for 2023 Tax Period
- Local Entity Reimbursements for Employee Electoral Leave Not Subject to VAT
- Italian Tax Agency to Share VAT Anomaly Data with Taxpayers and Finance Police
- Italy moves toward digital tax receipts
