- Italian Revenue Agency released new technical specifications for electronic transmission of data in annual VAT returns
- New version of VAT return form and simplified VAT return form with instructions published
- Individuals and businesses with VAT numbers must submit annual VAT returns, even if no taxable transactions occurred
- Deadline for submitting annual VAT returns is from February 1 to last day of April
- All VAT returns must be submitted electronically to Revenue Agency
- English versions of form and instructions expected soon
- Failure to file annual VAT return on time will result in penalties and interest, despite changes in penalty regime in 2024
Source: vatabout.com
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"
- Italian Company in Voluntary Liquidation Can Deduct VAT on Purchases Despite Exempt Activities
- Italy’s Law 207/2024 Grants Tax Benefits for Asset Transfers to Shareholders
- VAT Deduction Rights for Companies in Liquidation Under Italian Tax Law
- VAT Deduction Allowed on Purchases During Company Liquidation Phase
- Third Sector Tax Regime Implementation Dates Clarified for Non-Calendar Year Entities
