On 13 September 2021, Agenzia delle Entrate (ADE) made pre-filled VAT ledgers available to 2 million Italian residents and established taxpayers who can review and modify data for transactions carried out from 1 July 2021 online. This is an ambitious VAT collection programme. ADE aims to simplify the reporting and procedures of VAT documentation to improve tax compliance.
The new provisions are implemented by the so-called “Support Decree” that came into force on 23 March 2021 to postpone the launch of this experimental project to the following dates:
- The preparation of the draft VAT registers and the communications of periodic settlements (LIPE form) has been postponed to now include transactions carried out from 1 July 2021; and
- The draft annual VAT return will be made available to taxpayers for transactions carried out from 1 January 2022, for VAT returns that must be submitted by 2023.
Source Taxbackinternational
Latest Posts in "Italy"
- CPB: Early Exemption from Compliance Visa for VAT Credit Offsetting up to 70,000 Euros
- 10% VAT Applies to Musical Entertainment Accessory to Restaurant Services, Rules Italian Supreme Court
- Deductibility of Non-Deductible Pro Rata VAT: Cash or Accrual Basis for Businesses?
- Expense Recharging Between Unassociated Professionals: VAT Rules and Invoicing Obligations Explained
- EU VAT Showdown: Is User Data a Taxable Payment for Free Digital Services?
