• VAT news
  • Italian statute of limitations reduced

    Following the publication of Manouvrina decree , the statute of limitations for VAT deduction in Italy has been reduced. Going forward, VAT deduction will only by allowed by 30 of April of the following year. This date is the due date for the Annual VAT return, hence a purchase invoice will only be deductible until the last day in which the Annual VAT return for the period in which the invoice was incurred can be submitted.

    Before these changes, the statute of limitations covered a much longer period, as VAT could be deducted until the 31 December of the fourth year following the year in which VAT was incurred.


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    By Marosa EU VAT Italy Published 15/05/2017 17:37

    Italy extends split VAT payments

    The European Commission has granted approval to Italy to continue the use of anti VAT fraud split payments regime with state organizations. The Commission also allowed Italy to extend the measures to state-owned companies, businesses in the FTSE MIB Index and companies directly controlled by local public bodies.

    According to the European Commission, it is possible to derogate Articles from 206 and 226 of the EU VAT Directive regarding transactions with public authorities in industries with a significant evidence of VAT fraud.

    Under the VAT split payment mechanism, VAT is not collected...

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    By Marosa EU VAT Italy Published 15/05/2017 17:35

    Transition rules on Italian VAT return changes

    Last year the Italian authorities announced plans to introduce quarterly VAT returns and quarterly invoice listings. Before last year, an annual VAT return, annual Spesometro and monthly or quarterly VAT payments were due. In 2017, Intrastat returns were also meant to be abolished.

    Given the importance of these changes and the little time to adapt to the new rules, the Italian tax authorities announced a revised timeline and several simplifications in order to allow businesses to meet the new VAT return requirements.

    Transition rules

    Here is a summary of transitional measures agreed in Italy

    By Marosa EU VAT Italy Published 04/04/2017 23:19

    Italian Intrastat returns are due in 2017

    The Italian government announced important changes to the VAT compliance obligations of all registered businesses applicable as from 1 January 2017. These changes included the abolition of Intrastat returns, as they would be replaced by quarterly invoice listings with detailed information about the activities of each taxpayer.

    This month the Intrastat authorities published a communication requesting the January Intrastat return to be submitted by all taxpayers that were normally required to file these returns. We expect Intrastat returns in the following months to remain due in Italy, although...

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    By Marosa EU VAT Italy Published 26/02/2017 13:36

    Italy plans to increase VAT rates in 2018

    The Italian government announced that the standard VAT rate will increase from 22 to 25 in 1 January 2018. An additional increase of 0.9 will be made on 1 January 2019, hence bringing the standard VAT rate in Italy to 25.9 in 2018, the second highest in the European Union only after the Hungarian 27 stadard rate. In addition, the reduced VAT rate is also expected to increase from 10 to 13 as from 1 January 2018.

    Last year the Italian government cancelled the planned increase of VAT rates from 22 to 24 as from 1 January 2017. We suggest waiting until the recently announced VAT rate changes are confirmed later in the year...

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    By Marosa EU VAT Italy Published 26/02/2017 13:28
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