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.
Find out more about VAT in Italy