Italy VAT guarantee threshold
- European News
- 24 January 2017 | Richard Asquith
Italy raises VAT refund guarantee threshold
Italy has raised the VAT refund thresholds above which it requires a certified Italian audit or bank guarantee. The annual threshold is now €30k, up from €15k.
Above this amount, the taxable person most have a certified Italian account review all applicable invoices, and approve them a refundable. Alternatively, the claimer can provide a bank guarantee to receive their refunds.
There is no change to the same limits on credit applications on VAT returns.
On 1 January 2019, Italy will withdraw the requirement for resident and non-resident Italian tax payers to complete the Spesometro quarterly / bi-annual sales and purchase...
Italian VAT registered businesses are due to file their bi-annual Spesometro on 1 October. Italy will be introducing a new e-invoice live invoice SdI reporting...
The Italian authorities have this week turned down a request to delay the scheduled 1 January 2019 introduction of e-invoicing and live reporting, Sistema di Interscambio...