The Italian law allows according with article 164 of the VAT directive, the non-taxation of the purchases carried out by usual exporters under a certain threshold …
Resolution N. 16 /E, 06/02/2017 Plafond for exportation
The Italian law allows according with article 164 of the VAT directive, the non-taxation of the purchases carried out by usual exporters under a certain threshold. This mechanism is called plafond, and where the threshold for purchases is exceeded, the acquisition should be taxed. However, in case of the threshold being exceeded without payment of VAT, it is possible to regularise the violation through the self-invoicing. In the document are explained two possible processes for the regularisation.
Resolution N. 18 /E, 14/02/2017
By a resolution of the tax revenue agency, it has been concluded that supplies of frozen basil rosemary and salvia, with or without the adjunction of oil, should be taxed at the reduced rate of 5% in compliance with n. 1-bis) of Table A, part II-bis, annex to d.P.R. n. 633 of 1972.
Circular 1/E, of 07/02/2017
The tax administration has provided complete guidance for the transmission to The Revenue Agency of the invoices issued and received and of other data received from businesses in order to file the returns correctly. The information required is about: (i) the nature of the supply; (ii) the number of the document registered; (iii) information related to the deduction of the tax.
Further information is available at the following link:
Prof. Paolo Centore