- [ALFA] is a company that organizes real estate auctions in Italy.
- The company is registered for VAT in Italy.
- According to EU and Italian VAT regulations, the services provided by [ALFA] are considered related to real estate and should have been subject to Italian VAT.
- [ALFA] did not declare these services for VAT purposes until they registered in Italy.
- [ALFA] intends to rectify the violations by applying the appropriate penalties and making the necessary declarations and payments.
- The penalties include non-invoicing and non-registration of taxable operations, failure to communicate periodic VAT settlements, and failure to keep VAT accounting records.
- The penalties will be reduced according to the relevant legislation.
- [ALFA] will also pay the outstanding VAT amount and interest.
- [ALFA] seeks clarification on the VAT amount to be paid, the application of penalties for failure to keep accounting records, and the additional penalties required for the rectification process.
Source: agenziaentrate.gov.it
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
