- The Italian Supreme Court (Cassazione) has expanded the scope of VAT compliance checks, requiring not only formal but also substantive verification by professionals.
- This increases the risks and responsibilities for professionals issuing VAT compliance certificates.
- The decision marks a shift from traditional practice, which focused only on formal checks, to requiring a qualified diligence and substantive assessment of the data’s actual validity.
- The new approach may conflict with established procedures and checklists, potentially impacting future assignments and operational practices for professionals.
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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