- Italy leads the EU in dodged VAT in 2021
- VAT evaded in the EU in 2021 amounted to €61 billion, an improvement of around €38 billion compared to 2020
- Italy has the highest level of VAT evaded, amounting to €14.6 billion
- Italy has recorded an unprecedented improvement in reducing VAT evasion, with a reduction of 10.7%
- The data is from the European Commission’s study on the ‘VAT gap’
Source: ansa.it
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"
- Normal Value in VAT: Application in Non-Monetary Transactions and Special Cases
- Establishing Multiple VAT Groups in International Economic Groups: Italian Tax Authority Clarifications
- Contradictions in Non-Punishment Regime for Unpaid VAT and Withholding Taxes: An Analysis
- Guided Mine and Speleological Park Tours Exempt from VAT, Tibetan Bridge Crossing Taxable
- VAT Exemption Conditions for High Seas Navigation: Italian Tax Agency’s Recent Clarification
