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"
- Companies Must Opt for VAT Group by September 30 for 2026 Implementation
- Tax Authority Clarifies VAT on Rechargeable Fuel Cards: Implications for Businesses and Professionals
- Tax Benefits for Construction and Restoration Companies: 10% VAT Rate Explained
- Italian Tax Authorities Remove Non-EU Companies from VIES for Failing New VAT Guarantee Requirements
- Italy Issues Clarification on VAT Treatment of Transfer Pricing Adjustments
