Italy raises VAT refund guarantee threshold

31 January 2017

Italy has increased the EU VAT refund threshold for which it requires a certified Italian audit or bank guarantee to €30,000.

In order to reduce the risk to the tax authority, refund claims above this threshold will either be audited, or the claimant will have to provide a bank guarantee to get the amounts refunded.

There is no change to the VAT refund claims on submitted returns.

LATEST NEWS

REMINDER: New EU rules for virtual events from January...

From 1 January 2025, the supply of a live virtual event is taxable in the EU country where the consumer purchasing the online attendance resides. This means...

SEE MORE
VAT news
LATEST NEWS

Switzerland’s new rules for platforms from 1 January...

Switzerland’s Federal Tax Administration will impose “deemed supplier rules” from 1 January 2025 on digital platforms (such as Amazon) to charge, collect...

SEE MORE
VAT news
LATEST NEWS

Romania extends electronic invoicing to “business to...

Romania has announced that it will extend its electronic invoicing regime (eFactura) to business-to-consumer (B2C) transactions for both VAT-registered...

SEE MORE
VAT news

Gated Content

The following email providers are not accepted: gmail, hotmail, yahoo. Please use proper company email.