As provided by Act no. 29534/2024, the Italian Tax Authorities are sending “compliance letters” to taxpayers reporting discrepancies in FY 2021 data from electronic invoices, daily electronic consideration, and annual VAT returns. Taxpayers can request information and justify discrepancies or regularize their position through voluntary disclosure with reduced penalties.
Source PwC
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
