Italy is one of the 27 Member States of the European Union.

Basic VAcTs

Latest update 01.06.2024
Country ISO Code IT
EU Member State Yes
Local name Imposta sul valore aggiunto, IVA
VAT number format IT 12345678901
VAT Rates  
Standard VAT Rate 22%
Reduced VAT Rate 10%
Special Reduced VAT Rate

4% + 5%

VAT Compliance  
Standard VAT Return filing period Monthly or calendar quarter + Annual Return
Standard VAT Return filing deadline Last day of the second month following the filing period

VAT Representation required for non-resident

Yes, mandatory for non-EU businesses
Record retention period 5 years (commercially 10 years)
Electronic invoicing Yes, mandatory for B2B transactions (under conditions)
Click HERE for more info
Real-time reporting Yes
Special Rules  
General domestic reverse charge for domestic
supplies of goods by non-resident businesses?
Yes, domestic supplies of goods by non-resident
businesses to VAT registered B2B customers
Other domestic reverse charge mechanisms? Yes, e.g. (sub-)contracting work, supplies of
specific goods (e.g. scrap, waste materials),
and supply of CO2-certificates
Postponed Accounting on Import No
VAT Grouping possible? Yes
VAT Refunds for non-EU businesses? Israel, Norway, and Switzerland
Link to VAT Law HERE
Remarks Split-payment system may apply

Below is an overview of the latest VAT news for this country.

Note: The above information is taken from various sources and is for information purposes only and is not intended to be advice. Although the author went to great lengths to make sure the information is accurate and useful, users should not act on the basis of any matter used or presented without considering appropriate professional advice.

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