Updates on VAT Declaration 2025: Simplifications, Thresholds, and Deadlines for Taxpayers

• The Italian Revenue Agency has approved the new VAT model for 2025
• The VAT declaration for the tax year 2024 must be submitted between February 1st and April 30th, 2025
• Updates include changes to ATECO codes, simplifications in managing VAT credit, and new thresholds for exemption from conformity checks
• The declaration is now more user-friendly with clearer instructions
• The VAT declaration for 2024 can be submitted using the regular model or the BASE model
• Amounts must be rounded to the nearest euro
• The declaration consists of a front page and multiple modules to be completed by all taxpayers
• Separate accounting entities must submit a front page and module for each entity
• Different tax regimes must be indicated on separate modules
• The deadline for submitting the VAT declaration for 2024 is between February 1st and April 30th, 2025

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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