- Removal of VAT Numbers: The Italian tax authorities are removing VAT numbers of non-EU companies from the VIES due to non-compliance with new VAT guarantee requirements, with official notices being sent to affected businesses via their fiscal representatives.
- Consequences of Removal: Companies risk severe penalties, including administrative fines, criminal law actions, reputational damage, and restrictions on conducting intra-community supplies and acquisitions in Italy, which may lead to EU customers refusing to trade.
- New VAT Guarantee Requirements: Since April 15, 2025, non-EU businesses must provide a minimum €50,000 financial guarantee to trade in Italy, with the deadline for submission having passed on June 13, 2025; Global VAT Compliance is available to assist companies in meeting these requirements.
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.
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