- New procedural requirements for fiscal representatives in Italy start April 17, 2025
- Representatives must submit a declaration confirming adherence to honorability criteria
- A financial guarantee is required, valued between €30,000 and €2,000,000 based on the number of taxpayers represented
- Documentation must be submitted to the relevant Provincial Directorate of the Italian Revenue Agency
- Legal entities must have each legal representative submit an honorability declaration
- Guarantees must be valid for at least 48 months and can be in the form of government bonds or bank guarantees
- The Italian Revenue Agency will assess and inform representatives about guarantee compliance
- Existing representatives must comply by June 16, 2025, or face termination of VAT registrations
- Non-compliance results in fines ranging from €3,000 to €50,000 without mitigation options
Source: globalvatcompliance.com
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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.
