- The Italian Revenue Agency is sending compliance letters for VAT 2023, focusing on anomalies related to reverse charge and old rules of voluntary correction.
- These letters aim to promote voluntary compliance by addressing irregularities and encouraging correction.
- A recent provision outlines how information on these anomalies is provided to taxpayers.
- The focus is on reverse charge, particularly for passive operations that may result in VAT debt if the VAT on purchases is non-deductible.
- The agency checks internal reverse charge operations but not external ones like intra-EU purchases.
- For violations from the 2022 tax year, old rules of voluntary correction apply, with a 15 percent penalty for regularization.
Source: commercialistatelematico.com
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.
