New thresholds for VAT payments’ frequency in Italy
Italy increased the turnover thresholds for VAT payment periods starting in 2023.
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Italy reduced the VAT rates on certain products in 2023
Italy reduced the VAT rates on feminine hygiene products, baby products, and face masks.
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Italian Plastic Tax postponed
Italian Plastic tax on manufactured products for single use.
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Annual VAT returns in Italy: what do you need to know
Annual VAT return in Italy is a recapitulative statement due by the end of April of the following year.
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Fiscal representation not required post-Brexit in Italy
The Italian tax authorities announced that no fiscal representation will be required for UK-established companies after Brexit.
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Esterometro in Italy will be abolished in 2022
The Esterometro tax reporting scheme in Italy will be obsolete in 2022. It will be replaced entirely by SDI, or Sistema di Interscambio, reporting.
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Italian VAT deregistrations and upcoming pre-completed VAT return
It is now more difficult to get deregistered in Italy. Also, the new e-invoicing comes with prepopulated VAT returns for established businesses.
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New (effective) VAT rate on chartering activities in Italy
Italy cancels (effective) reduced VAT rates on boat chartering with their itinerary in international waters.
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Threshold increased for simplified invoices in Italy
The scope of simplified invoices in Italy has been increased, making it easier for all businesses to meet Italian invoicing requirements.
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EU challenges Italy and Cyprus for their VAT rules on chartering
The European Commission took action against Italy and Cyprus for their current tax breaks on the yachting industry.
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Online platforms will inform Italy about sellers’ activity
Italy will know the volume of sales to Italian clients via Amazon, Ebay and other major online platforms.
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Updated due date for Italian Spesometro
The Italian authorities have extended (again) the due date to submit the Italian Spesometro return.