- Italy’s tax authorities have released the 2026 annual VAT return form and updated instructions for VAT-registered businesses.
- The annual VAT return for 2025 must be filed electronically between 1 February and 30 April 2026; the usual deadline is end-April of the following year.
- The annual return is a recapitulative filing that expands on quarterly VAT data, requiring a split of transactions by type and VAT rate, and inclusion of certain transactions excluded from quarterly reporting (including some exempt transactions).
- Some taxpayers may be exempt from filing, such as those carrying out only exempt transactions under Article 10 of Presidential Decree 633/1972, though the exemption does not apply if intra-Community transactions are performed.
- From August 2026, the tax authorities may automatically assess unpaid VAT if the annual return is not filed, or if it omits all output-transaction data needed to determine turnover; this assessment power applies until 31 December of the seventh year after the relevant tax year.
Source: marosavat.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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