With the “2017 European law”, the Italian legislator implemented the periodic adjustment of Italian rules to those issued by the European Union, in order to prevent the starting of infringement proceedings and to allow the closure of ongoing ones, as well as to dismiss pre-litigation cases (so-called EU Pilot cases). As concerns VAT, the abovementioned European law establishes in particular:
- the recognition to taxpayers applying a VAT refund of a flat-rate amount as a refund of costs borne for the guarantee
- the term by which it is possible to apply for VAT refund
- the application of the VAT non-taxability regime for the sale of goods for export for philanthropic purposes.
For further information, contact Mario Spera.
