- The 2026 budget bill proposes introducing Article 54-bis.1 to DPR 633/72, enabling automatic settlement of omitted VAT declarations using data from LIPE, e-invoices, and telematic receipts.
- The procedure is similar to existing ones and allows for dialogue between parties.
- If the tax calculated by the Revenue Agency is paid within 60 days of notification, the penalty for omitted declaration is reduced from 120% to 40%.
- VAT credits must also be recognized during the settlement process.
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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