Italy Unifies Tax Compliance Rules and Extends Assessment Deadlines

• Italy has unified tax compliance and assessment rules into a single code, with a major reform of the tax assessment system.
• Tax authorities can assess corporate taxes, VAT, and withholding tax returns until the end of the fifth calendar year after filing.
• If a tax return is omitted, the assessment period extends to the end of the seventh calendar year after it should have been filed.
• Italian Legislative Decree No. 13 also introduces taxpayer agreements (“tax settlements”) for income tax and VAT assessments, including recovery of improperly offset credits, using preventive cross-examination to avoid disputes.

Source: regfollower.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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