- Italy requires non-EU and non-EEA businesses to provide a financial guarantee for VAT compliance starting April 15, 2025
- The guarantee amount is €50,000
- Affects businesses registered for VAT or listed in the VIES database
- Businesses must comply by June 13, 2025, to avoid losing VIES registration
- Losing VIES registration affects the ability to trade across EU borders
- The measure aims to reduce VAT fraud and improve tax compliance
- Financial guarantee options include Italian government bonds, bank guarantees, or insurance surety bonds
- Businesses should start securing the guarantee immediately to meet the deadline
Source: fiscal-requirements.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.
