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, complementing the related fulfilment relevant to the electronic transmission of data included in invoices.
In fact, the obligation to transmit the data relevant to periodic VAT calculations quarterly (regardless of whether the taxpayer pays VAT on a monthly or quarterly basis) was introduced on 1 January 2017. However, no explanation or clarification had been issued so far and the circular letter issued by Assonime is aimed at discussing some relevant themes concerning almost all VAT taxpayers and points out the relevance given to this system by the Tax Authorities in order to prevent tax evasion.
For further information, please contact Mario Spera and Gianluca Lacidogna.
