- Guarantee Requirement for Non-EU Entities: Non-resident entities using a fiscal representative in the EU must provide a guarantee to be included in the VIES database for intra-community transactions, as per Decree 123/2020/ND-CP.
- Types and Duration of Guarantees: Guarantees can be in the form of state-backed securities or insurance policies, with a minimum value of €50,000, valid for at least 36 months, and must be submitted to the relevant tax authority.
- Data Protection Compliance: The decree ensures personal data handling aligns with EU regulations, with the tax agency and its tech partner responsible for secure data management.
Source Agenzia Entrate
