- Sanctions for late VAT advance payments have been resized
- For missed or delayed payments related to the 2024 compliance, a 25% penalty on the due amount is applied
- The penalty was redefined by Legislative Decree 87/2024 which altered the rules for missed or delayed tax payments according to Article 13, paragraph 1 of Legislative Decree 471/97
- The new regime is effective for violations committed from September 1, 2024, as stated in Article 5 of Legislative Decree 87/2024
- This includes the VAT advance whose violation is considered complete on the payment due date, December 27, 2024
- Before the changes introduced by Legislative Decree 87/2024, the penalty for missed or delayed VAT advance payments was different
Source: eutekne.info
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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