Further to the news we provided a few weeks ago there have been further VAT amendments which have been approved by the Agenzia delle Entrate - the Italian tax office.
Tag - Italy
The recently issued Italian Law Decree no. 148/2017 has introduced several changes and amendments to Italian VAT law.
Italy has recently announced that starting from January 2019 will introduce a tax on online sales, becoming in this way the very first EU state to implement the so called “web-tax”.
The provision, that amends the 2018 budget, was approved by the budget committee of the Italian senate a few days ago and introduces a 6% levy on all digital sales.
Italian fashion house Prada has signed a cooperation agreement with Italy’s tax authorities, it said last week.
The scheme, known as cooperative compliance regime, involves an exchange of information between the company and authorities to avoid disputes and help the business to avoid unexpected tax demands.
Recently the Italian Tax Authorities approved a number of simplification measures relating to the submission of Intrastat returns. Decision n.194409/2017 includes the following changes that will be effective from 1st January 2018:
Intrastat Arrivals (Goods) – mandatory on a monthly basis and if the total amount of acquisitions is above €200,000 in one of the previous four quarters.
This morning the Council of Ministers will set up the 2018 Budget, expected in Parliament, in the Senate, by 20 October. The executive has chosen to discuss the Law at the same time as the Draft Budgetary Plan, which must be transmitted to Brussels by tonight (16 October).
On Wednesday 4th October, the Italian Tax Office (Agenzia delle Entrate) published a new press realese confirming a further postponement of the deadline for the submission of the Spesometro declaration. See our article on the previous postment here.
This report is now due by 16 october 2017 although tax payers are still faced with huge problems.
On 25th Sept, Agenzia delle Entrate issued a press release informing about a new postponement of the deadline for the submission of the Spesometro declaration to 5th October 2017. The submission was due on 28th Sept according to the previous postponement confirmation.
The new extension was necessary after the dedicated portal stopped working for 3 days and returned to work with limited functionality on 27th Sept.
The city of Milan has filed draft proposals to the Italian Chamber of Deputies which will provide incentives for investors and multinationals to move into the city.
Mr Enrico Maria Ruffini, has recently been appointed as new director of the Italian Tax Office (Agenzia delle Entrate). He takes over from Mrs Rossella Orlandi, who covered that position over the last three years and was the first woman to be appointed for that role.‘…’
page 1 of 8 - Next Page »