- The Vice Minister of Economy and Finance has issued a decree outlining the criteria and procedures for non-resident entities wishing to engage in intra-Community transactions under VAT regulations, specifically requiring a financial guarantee for compliance.
- Non-residents must provide a guarantee in the form of state securities, bank guarantees, or surety bonds to the Italian Revenue Agency, with a minimum value of €50,000, as a prerequisite for VAT registration in the VIES database.
- The process involves the submission of the guarantee to the provincial office of the Italian Revenue Agency, either in person or through a tax representative, ensuring that they meet their VAT obligations.
Source gazzettaufficiale.it
Latest Posts in "Italy"
- Companies Must Opt for VAT Group by September 30 for 2026 Implementation
- Tax Authority Clarifies VAT on Rechargeable Fuel Cards: Implications for Businesses and Professionals
- Tax Benefits for Construction and Restoration Companies: 10% VAT Rate Explained
- Italian Tax Authorities Remove Non-EU Companies from VIES for Failing New VAT Guarantee Requirements
- Italy Issues Clarification on VAT Treatment of Transfer Pricing Adjustments
