- An active and respected installment plan prevents punishment for omitted VAT payment.
- The crime is only complete if, at the payment deadline, there is no active and respected installment plan.
- If the taxpayer has not requested an installment plan, the crime is committed if the unpaid amount exceeds €250,000.
- If the taxpayer defaults on an installment plan, the crime is committed if the remaining debt exceeds €75,000.
- If the taxpayer is adhering to an active installment plan, the crime is not punishable.
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
