On July 2014, the Italian Parliament is going to carry out the examination of the Decree for the actuation of Stability law n. 23/2014. The project contains …
On July 2014, the Italian Parliament is going to carry out the examination of the Decree for the actuation of Stability law n. 23/2014. The project contains fiscal simplification measures also at international level. Referring to VAT the potential changes in case of approval are two:
1. The declaration of intent, necessary for usual exporters to purchase goods or services in exemption, will be sent electronically by the customer to the Italian Tax Administration (Agenzia delle Entrate), instead of the supplier. The obligation of the presentation of the paper document to the Custom office is withdrawn, therefore the transmission will be only digital. The late or omitted transmission of the letter of intent causes the application of penalties to the supplier whether he carries out the supplies before the receipt of transmission to the Tax authority of the letter of intent.
2. The enterprises or bodies with an Italian VAT number will be allowed to carry out Intra community supplies at the moment of the issue of the number. The Tax Administration shall control the identity of the taxable person, with the power to revoke the number and exclude the tax payer from the VIES exchange system. As a result, if an Italian taxable person is not registered in the VIES it means that his VAT number has been revoked by the tax authority.
Prof. Paolo Centore
Studio Centore
