Italy
Italy is one of the 27 Member States of the European Union.
Basic VAcTs
| Latest update | 01.06.2024 |
| Country ISO Code | IT |
| EU Member State | Yes |
| VAT Rates | |
| Standard VAT Rate | 22% |
| Reduced VAT Rate | 10% |
| Special Reduced VAT Rate |
4% + 5% |
| VAT Compliance | |
| Standard VAT Return filing period | Monthly or calendar quarter + Annual Return |
| Standard VAT Return filing deadline | Last day of the second month following the filing period |
|
VAT Representation required for non-resident |
Yes, mandatory for non-EU businesses |
| Record retention period | 5 years (commercially 10 years) |
| Electronic invoicing | Yes, mandatory for B2B transactions (under conditions) |
| Real-time reporting | Yes |
| Special Rules | |
| General domestic reverse charge for domestic supplies of goods by non-resident businesses? |
Yes, domestic supplies of goods by non-resident businesses to VAT registered B2B customers |
| Other domestic reverse charge mechanisms? | Yes, e.g. (sub-)contracting work, supplies of specific goods (e.g. scrap, waste materials), and supply of CO2-certificates |
| Postponed Accounting on Import | No |
| VAT Grouping possible? | Yes |
| VAT Refunds for non-EU businesses? | Israel, Norway, and Switzerland |
| Remarks | |
| Link to VAT Law | HERE |
| Remarks | Split-payment system may apply |
Here's an overview of the latest VAT news for this country.
