Faster VAT Collection: 2026 Budget Law Automates Assessments for Omitted Declarations in Italy

• The 2026 Budget Law introduces automated assessment for omitted VAT declarations, bypassing the traditional slow process.
• The Revenue Agency can now use electronic invoices and related data to issue a strengthened “friendly notice,” which, if ignored for 60 days, leads directly to enforced collection.
• The penalty for omitted VAT declarations drops from 120% to 40% if the taxpayer complies, but compensation is strictly prohibited, making debt management more burdensome.
• The new rules significantly speed up tax collection and simplify procedures for the tax authorities.

Source: commercialistatelematico.com

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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