Italy: VAT Update

The Italian Ministry of Finance has communicated on Friday, 13 of March that all the tax payments (among them VAT) due by March 16, 2020 will be postponed.

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How to decline cost of bank guarantee in Italy – “Statuto dei diritti dei contribuenti” – Law no. 212/2000

In some cases such as claims for VAT refund, tax payers have to provide a bank guarantee to the Italian Tax Authority. This is not always easy from an administrative point of view (as it has to be bank in Italy) and never really cheap. “Statuto dei diritti dei contribuenti” – Law no. 212/2000 protects tax payers’ right in relation to the incurred bank guarantee cost. A specific decree, implementing the operating rules for the refund/repayment should have been issued a long time. Read More »