Michaela Merz


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Italy: VAT Warehousing – pending decree issued


VAT warehouses: according to the Ministerial Decree dated 23 February 2017 financial guarantee is due upon certain conditions

Abstract: in the Official Gazette dated 17 March 2017 it has been published the text of the Decree of the Ministry of Finance, which clarified relevant contents, practicalities and formalities regarding financial guarantee for withdrawal of goods introduced into a VAT warehouse from non-EU, as well as relevant exemptions. Continue reading


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Italy – important changes


Introduction of the so called “European VAT group”

The Budget Law 2017 has introduced, in the Presidential Decree no. 633/1972, the new title V-bis which regulates the institute of the VAT group, effective from January 1, 2018, subject to prior consultation of the European VAT committee. Continue reading


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Italy – new VAT obligations in 2017 – fight against tax evasion


PwC_fl_30mmh_cStarting from 2017, new quarterly communications of data of invoices issued and received and VAT balances will be mandatory.

Articles 4 and 5 of Law Decree dated October 22, 2016, no. 193 has introduced important changes in relation to VAT in order to strengthen the fight against evasion. Continue reading


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Italy – e-invoice VAT assessments as from 1 of January 2017


PwC_Rep_Italy_Rome_MB_005.jpgItaly is to offer a voluntary e-invoice/e-reporting regime to tax payers from 1 January 2017 also for B2B and B2C transactions (indeed, a similar system is already in place for B2G transaction). The measure is designed to reduce VAT fraud and simplify reporting. According to the Legislative Decree no. 127/2015, new rules related to business-to-business e-invoicing and e-Submission will apply. Continue reading


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Italy – simplification in the VAT Law and some new obligations as from 1 of January 2015


People sitting on a long bench talking (3) - PwC, Photo_RGB_PC_48164.jpgOn November 28, 2014, the Legislative Decree laying down provisions related to tax simplification so called “Decreto semplificazioni fiscali” (Legislative Decree no. 175 dated November 21, 2014) has been published in the Official Italian Gazette. Continue reading


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Risk of PE (permanent establishment) for VAT in Italy


A new minefield is created around fixed establishments for VAT purposes, even if there is an extensive case-law of the European Court of Justice to determine whether such an establishment exist or not. The main elements of this legal analysis were also embedded into the EU VAT Regulations, however, some of the member states tend to interpret now these rules more widely as before. Continue reading


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Italy – new penalties as of August 1, 2012 for incorrect or missing entries in VIES (VAT Information Exchange System)


The Italian Tax Authorities will impose penalties in case of EU supplies if the Italian customer’s number is not reported in the VIES. Therefore it is recommended to verify the VIES VAT registration number of your customers to avoid penalties equal to 100% of the VAT amount due.