- 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"
- New VAT Compliance Regime: Client Responsible for VAT Payment in Logistics Sector
- New Optional VAT Rule for Logistics and Transport Services Ahead of Reverse Charge Introduction
- VAT Treatment for Sale of Oceanographic Vessel to Research Entity Under Italian Law
- Constitutional Court Ruling Alters Customs Confiscation Rules for Unpaid Import VAT
- Legal Requirements for Issuing Credit Notes: Clarity and Proof of Original Invoice Connection
