I would like to inform you about our next event in the global ITX webcast on 9 February regarding the new Italian rules concerning VAT warehouse which will become effective on 1 April 2017.
A number of tax payers doing business in Italy had, in the past, cash flow issues relating to Italian VAT credit recovery. Some of them were able to resolve such issues by using a VAT warehouse simplification.Read More »
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 »
PwC Switzerland ITX
Michaela Merz 