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Assonime (the association of Italian companies with liability limited by shares) has issued some clarification concerning fulfilments relevant to the electronic transmission of periodic VAT calculations

The contribution by Simonetta La Grutta concerns the regulations introduced in the Italian VAT system

Amendments introduced to VAT warehouses do not facilitate the fulfilment of relevant obligations

Postponement of the deadline for filing electronically the Communication of Invoices Data related to the first semester 2017 from 16 to 28 September.

New provisions concerning the reduction of the period of time within which their right for input VAT deduction can be exercised.

Mid-year Stability Law 2017 contains provisions affecting the accomplishment of VAT fulfillments from FY 2017

Law no. 96/2007 has introduced some important clarifications concerning the implementation of the split payment procedure.

The Revenue office clarifies the matter concerning the fines provided for operations subject to reverse charge.

Law Decree 50/2017 has extended the number of operations to which the split payment mechanism must be applied

Law Decree 50/2017 introduced amendments to VAT norms in force affecting in particular the terms for VAT deduction

Law Decree 50/2017 introduced new rules on the offset of VAT credits and VAT deduction on purchase invoices

To further boost digital economy, the EU Commission is considering the possibility of extending the MOSS.

The Italian TA clarified the meaning of “vessels used for navigation on the high seas” to apply VAT exemption.

The obligation to submit data relevant to imports from San Marino through the “Polivalente” form has been abolished.

On 6 February 2017, Simonetta La Grutta, partner and Head of VAT at Bernoni Grant Thornton, will participate as speaker in the workshop organized by the Roll of Chartered Accountants of Ivrea, Pinerolo and Turin and its school of further education and will intervene with a speech on new VAT obligations and incentives granted for e-invoicing.

Art. 4 of Law Decree n. 193/2016, turned into Law n. 225/2016 provides for instructions on tax recovery, which imply new obligations for taxpayers, particularly concerning VAT.