Automatic VAT Assessment for Late or Omitted Declarations in Italy’s 2026 Budget Bill Draft

• The 2026 budget bill draft proposes introducing Article 54-bis.1 to DPR 633/72, enabling automatic settlement of omitted VAT returns.
• The settlement will use data from LIPE, invoices sent/received via Sdi, and telematic receipts.
• It may also apply to VAT returns 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.

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