- Italy has introduced stricter VAT compliance rules for non-EU businesses with a fiscal representative.
- New regulations require a minimum financial guarantee for VAT-registered businesses outside the EU or EEA.
- Non-EU businesses must provide a financial guarantee of at least €50,000 to maintain VAT status.
- The requirement applies to all businesses needing a fiscal representative for tax affairs.
- The Italian Tax Authority accepts guarantees via government bonds, insurance surety, or bank surety.
- The guarantee must be valid for at least 36 months.
- New regulations effective from 13 June 2025, with a compliance deadline of 13 August 2025.
- Failure to provide a guarantee results in removal from the EU VAT Information Exchange System.
- Non-compliance affects intra-EU trading and may revoke the Italian EORI number.
Source: tbaglobal.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.
