- The Vice Minister of Economy and Finance has issued a decree outlining the criteria and procedures for non-resident entities wishing to engage in intra-Community transactions under VAT regulations, specifically requiring a financial guarantee for compliance.
- Non-residents must provide a guarantee in the form of state securities, bank guarantees, or surety bonds to the Italian Revenue Agency, with a minimum value of €50,000, as a prerequisite for VAT registration in the VIES database.
- The process involves the submission of the guarantee to the provincial office of the Italian Revenue Agency, either in person or through a tax representative, ensuring that they meet their VAT obligations.
Source gazzettaufficiale.it
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