- The 2026 budget bill draft proposes introducing Article 54-bis.1 to DPR 633/72, enabling automatic settlement of omitted VAT declarations.
- This settlement is based on data from LIPE, invoices sent/received via SDI, and telematic receipts.
- It may also apply to VAT declarations submitted more than 90 days late, considered omitted.
- The procedure is similar to existing rules and allows for dialogue between parties.
- If the calculated taxes are paid within 60 days of notification, certain benefits may apply.
Source: eutekne.info
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"
- Foundry Services for Commissioned Artworks Subject to 22% VAT, Not 5% Reduced Rate
- Applicable VAT Rate for Art Foundry Services: 5% or 22% for Commissioned Contemporary Artworks?
- 10% VAT Applies to Wood Chips and Sawdust Sales Regardless of Buyer’s Intended Use
- Understanding VAT Exemption for Businesses in Italy: Rules, Transactions, Invoicing, and Accounting Explained
- 10% VAT Applies to Wood Chips and Sawdust Sales Regardless of Buyer’s Intended Use
