- 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 administrative penalty for late or non-payment of the 2024 VAT advance, due today, December 27, is set at 25% of the unpaid tax
- This penalty was redefined by Legislative Decree 87/2024, which amended the rules on missed or delayed tax payments under Article 13, paragraph 1 of Legislative Decree 471/97
- The new regime applies to violations committed from September 1, 2024, as stated in Article 5 of Legislative Decree 87/2024, fully including the VAT advance whose violation is considered complete on the payment due date, December 27, 2024
- Before the amendments made by Legislative Decree 87/2024, the penalty for late or non-payment of the VAT advance 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.
Latest Posts in "Italy"
- Agenzia delle Entrate activates POS–RT linkage service and publishes operational guidance
- Italy Decides to Defer Low‑Value Import Measures and Clarify VAT Rules for Barter Transactions
- Italian Supreme Court Clarifies VAT Rights for Non-Operating Companies and Updates Reporting Requirements
- VAT Refunds Allowed for Renovations on Third-Party Assets Used in Business Activities
- Optional Transitional VAT Regime for Logistics Sector Reflected in 2026 Italian VAT Return
