The Annual VAT return in Italy is a recapitulative statement due by the end of April of the following year. It is an informative return and generally does not require VAT payment upon submission. The deadline for submission is from 1 February to 30 April, 2024 for the 2023 return. The submission is made electronically to the Revenue Agency. VAT refunds in Italy are requested via the annual VAT return, and a bank guarantee is usually required. However, under certain conditions, a “visto di conformita” certificate can replace the bank guarantee. The annual VAT return also allows for corrections to be made to figures reported in the quarterly VAT returns. Additionally, it provides options for handling excess input VAT, such as carrying it forward to the next year or claiming it back from the tax authorities.
Source Marosa
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