IVA Non-Invoicing and Non-Submission of Declaration – Applicable Penalties and Voluntary Correction

• [ALFA] is a company that organizes real estate auctions in Italy.
• The company is registered for VAT in Italy.
• According to EU and Italian VAT regulations, the services provided by [ALFA] are considered related to real estate and should have been subject to Italian VAT.
• [ALFA] did not declare these services for VAT purposes until they registered in Italy.
• [ALFA] intends to rectify the violations by applying the appropriate penalties and making the necessary declarations and payments.
• The penalties include non-invoicing and non-registration of taxable operations, failure to communicate periodic VAT settlements, and failure to keep VAT accounting records.
• The penalties will be reduced according to the relevant legislation.
• [ALFA] will also pay the outstanding VAT amount and interest.
• [ALFA] seeks clarification on the VAT amount to be paid, the application of penalties for failure to keep accounting records, and the additional penalties required for the rectification process.

Source: agenziaentrate.gov.it

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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