- Exporters who receive a non-taxable invoice risk a penalty of 100% of the VAT
- The penalty is applicable if the invoice amount exceeds the declaration of intent given to the supplier
- The penalty is equal to 100% of the tax, with a minimum of 250 euros
- The penalty can be avoided by regularizing the situation within the specified terms and methods
- This information is provided by the Italian Revenue Agency in response to a query from a taxpayer regarding declaration of intent and penalties.
Source: ipsoa.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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