Italy has extended the June payment deadline of VAT liabilities until 20 July 2021. The original deadline was 30 June 2021. Most VAT payers in Italy report quarterly. But payments for VAT should be made monthly. In addition to Value Added Tax obligations, the delays has
Italy is to loosen the requirements on taxpayers to reclaim output VAT on invoices which have subsequently not been paid by customers – bad debts. Currently, taxpayers may only reclaim VAT paid on bad debts once their customer has been declared bankrupt by the Italian
Italy’s Agenzia delle Entrate tax authorities have delayed the upgrade of VAT cash register until 1 October 2021 due to the COVID-19 virus emergency. Mandated certified online registers with daily invoice reporting were introduced from July 2019 for retailers with turnover above €400,000 per annum.
Italy is to allow EU businesses with an Italian VAT number to process a credit application through a new ‘direct refund procedure’. This follows a Court of Justice of the European Union decisions (C-323/12) of 6 February 2014 and (C-242/19) 11 June 2020 which upheld
The Italian authorities have postponed the 2020 collections of its 3% Digital Services Tax from 16 February until 16 March 2021. The associated annual return is delayed until 30 April 2021. The turnover tax was introduced for the 2020 financial year is chargeable on income
Italy is delaying the implementation of its marketplace reporting obligations in anticipation of the upcoming 2021 EU VAT e-commerce reforms on 1 July 2021. However, it is instead planning on introducing a new, detailed transactional reporting for the marketplaces to submit of distance selling on
Italy has raised the threshold for issuance of simplified Value Added Tax invoices from €100 to €400. This will apply from May 2019. Invoices are not required for many B2C transactions unless requested. This includes retail, hotel accommodation and similar. The exemption on the simplified
Italy is confirmed plans to raise Value Added Tax from 21% to 22% from 1 October 2013. The Reduced Rates will be: 10%; 5%; and 4%. Check global VAT and GST rates with VAT Calc’s tracker The rise was originally submitted in June 2011, and was
