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Italy VAT guarantee threshold

Italy VAT guarantee threshold

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.

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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.