- New legislative decree on tax penalties approved by the Council of Ministers on May 24, 2024
- Changes in administrative and criminal penalties for late or omitted VAT payments
- Administrative penalty for late or omitted VAT payment reduced from 30% to 25%
- New rules for criminal penalties for omitted VAT payment, including extended time limits and conditions for exclusion
- Publication of the decree in the Official Gazette pending
- Comparison between previous and new text of the legislative decree
- Radical reformulation of criminal penalty for omitted VAT payment, including change in deadline for offense from the following year’s VAT installment deadline to December 31 of the following year after the annual VAT declaration presentation.
Source: ipsoa.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.
