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Italy reduces countries on Blacklist VAT reporting

  • VAT
  • 04 April 2015 | Richard Asquith

Italy reduces countries on Blacklist VAT reporting

Italy has withdrawn a number of countries from the ‘Blacklist’ of states for which it requires additional reporting. Any Italian VAT registered business, resident and non-resident, must produce a regular report on transactions undertaken with a business resident in a Blacklist country.

The latest countries to be removed from the list are: Malaysia, Singapore and Philippines. This leaves over 40 countries on the list, which also imposes restrictions on the deductibility of costs incurred from the countries.

Italian VAT is currently levied at 22%.  There is no monthly or quarterly VAT return, instead companies make monthly payments to the tax authorities, and then make full disclosures in an annual VAT return.


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.