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
Philippines implements VAT on e-services provided by...
The Bureau of Internal Revenue (BIR) recently published Revenue Memorandum Circular No. 47-2025, this gives further detailed guidance relating to the...
SEE MORE
LATEST NEWS
REMINDER: Estonia standard VAT rate increases to 24%...
From 1 July 2025, Estonia will increase its standard VAT rate from 22% to 24%. The reduced VAT rates will also increase from 9% to 13% and from 5% to...
SEE MORE
LATEST NEWS
ECOFIN agrees a draft directive on the 2028 proposed...
During May 2025, the Economic and Financial Affairs Council (ECOFIN) agreed a draft directive relating to the VAT rules for distance sales of imported goods...
SEE MORE