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.

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