Supreme Court: Taxpayers can rectify irregular use of the VAT threshold and pay the import VAT through “ravvedimento operoso” procedure

This applies even when false declarations of intent were used to avoid paying VAT on imports. The Court emphasized that sanctions and interest must also be paid, as this is not a mere formal violation. The “ravvedimento operoso” procedure can be used to rectify the situation, but it doesn’t exempt taxpayers from penalties and interest.

Source: commercialistatelematico.com