On 13 September 2021, Agenzia delle Entrate (ADE) made pre-filled VAT ledgers available to 2 million Italian residents and established taxpayers who can review and modify data for transactions carried out from 1 July 2021 online. This is an ambitious VAT collection programme. ADE aims to simplify the reporting and procedures of VAT documentation to improve tax compliance.
The new provisions are implemented by the so-called “Support Decree” that came into force on 23 March 2021 to postpone the launch of this experimental project to the following dates:
- The preparation of the draft VAT registers and the communications of periodic settlements (LIPE form) has been postponed to now include transactions carried out from 1 July 2021; and
- The draft annual VAT return will be made available to taxpayers for transactions carried out from 1 January 2022, for VAT returns that must be submitted by 2023.
Source Taxbackinternational
Latest Posts in "Italy"
- Companies Must Opt for VAT Group by September 30 for 2026 Implementation
- Italian Tax Authorities Clarify VAT Deduction on Imports by Non-Owners for Cross-Border Businesses
- Italian Tax Agency Clarifies VAT Adjustment Notes During Preventive Agreement Proceedings
- Italian Tax Agency Confirms Exclusion of Asset Sales from VAT Deduction Pro Rata Calculation
- Italy’s e-Invoicing System Offers Key Lessons
