- This guide explains how to fill out the VN section of the Italian VAT declaration when filing an additional VAT declaration.
- The VN section is used for taxpayers who have filed one or more additional declarations in favor of the tax authorities after the deadline for filing the declaration for the tax period following the one to which the additional declaration refers.
- According to Article 8, paragraph 6 bis, of Presidential Decree No. 322/1998, the VAT declaration for the tax period in which the additional declaration is filed must include the credit resulting from the lower debt or the higher credit resulting from the additional declaration.
- An additional VAT declaration allows taxpayers to correct or supplement a previously filed declaration after the deadline for filing the corrective declaration has passed.
- Errors can be either unfavorable or favorable to the taxpayer.
- An additional declaration unfavorable to the taxpayer must be filed by December 31 of the fifth year following the year in which the original declaration was filed.
- An additional declaration favorable to the taxpayer must be filed by December 31 of the fifth year following the year in which the original declaration was filed.
- Current legislation has eliminated the previous misalignment between the deadline for filing an additional declaration “in favor” (deadline for the declaration of the following tax period) and that of the additional declaration “unfavorable” (deadline for the assessment), allowing the filing of an additional declaration in favor even after the deadline for filing the declaration for the following tax period.
- It is essential that the original declaration has been validly filed in order to file an additional declaration.
- A declaration filed within 90 days of the deadline is considered valid, subject to the application of penalties.
- An additional declaration cannot be filed if the original declaration was not filed.
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.
