2 November 2016
As of 1 January 2017 the Italian tax authorities are proposing to introduce extensive changes to the VAT filings requirements. These changes will include:
- A new requirement for quarterly VAT filings instead of the current requirement for VAT registered businesses to make periodic VAT payments.
- The Annual Spesometro filing (client listing) will be replaced by a new quarterly listing of sales and purchase invoices.
- The requirement to submit monthly acquisition intrastats will be abolished and this data will instead be reported via the quarterly invoice listing.
The annual Blacklist filing, which details Italian VAT registered companies transactions with countries on a black list, will be removed.
LATEST NEWS
Belgium approves draft law for near-real-time...
July saw the Belgian Council of Ministers approve a preliminary draft law to introduce near-real-time electronic reporting of certain invoice data to the tax...
SEE MORE
LATEST NEWS
Luxembourg proposes the introduction of electronic...
This month Luxembourg’s Government approved a draft law to introduce mandatory structured business-to-business (B2B) e-invoicing for domestic transactions...
SEE MORE
LATEST NEWS
Germany's action plan signals move toward...
Germany has announced a 26-point “Action Plan” against tax and financial crime, which aims to increase detection risk, strengthen enforcement, and improve...
SEE MORE