With the measure of the Italian Tax Authority dated December
22nd 2010, a new digital communication has been
introduced in the Italian regulatory system for all exchanges
relevant for the Value Added Tax (VAT) equal or exceeding the
amount of 3,000.00 Euro, as foreseen by the art. 21 of the Law
Decree no.78/2010 turned into the Law no. 122/2010.
2 SUBJECTS OBLIGED TO THE COMMUNICATION
This new communication is mandatory for all VAT subjects
which executing exchanges relevant for the Italian
3 OBJECT OF THE COMMUNI-CATION
Exchanges of goods and services, delivered and
received, with gross amounts (excluding VAT)
equal or exceeding to 3,000.00 (three thousands)
Euros, must be included in this new communication.
For all exchanges relevant for VAT but with no obligation of
invoicing, the above mentioned limit is increased to 3,600.00 Euros
(without considering VAT); they are most of all those operation
where the purchaser is the final consumer (not VAT subject).
Recording and performing time
To identify exchanges to be included in the communication the
tax payer must refer to:
Recording/registration time (in corporate VAT books);
Or, if outstanding, at time of exchange's performance.
3.1 PARTICULAR CASES
Under specific agreements:
General contract, supply, administration, and all the other
agreements producing periodical compensations, the
new communication becomes compulsory only if periodical amounts due
within the year are equal or exceed 3,000.00
Linked together, for the limit of 3,000.00
Euros all compensations and amounts agreed must be considered
3.2 EXEMPTED OPERATIONS
The below exchanges are excluded from the new communication:
direct exports, even in under triangulations or with goods'
delivery in Italy to a non-resident customer;
sales and purchases toward economic operators with offices,
legal address or domicile in tax heavens;
operations that are already object of compulsory communication
to the Italian Tax Authority (i.e. insurance services, electric
energy supply, etc.).
Exchanges within April 30th 2011.
Exchanges put in place within April 30th 2011,
relevant for VAT but for which invoicing is not compulsory, are
exempted from the new communication.
3.3 HOW TO FILE THE COMMUNICATION
Communication must be filed, for every exchange, with the
VAT identification number or, when not available, the
seller's and purchaser's tax codes;
Amounts due and VAT, or the appropriate specification if the
exchange is excluded or exempted;
Amounts due, including VAT, if they refer to exchanges VAT
relevant but with invoicing obligation.
4 GRADUAL APPLICATION
With the aim of granting a gradual introduction of this new
fulfillment and ensure, at the same time, the availability of all
information needed to fight tax evasions and fraud chances,
for the tax year 2010:
The 3.000,00 and 3,600.00 Euro limits mentioned at the above
point no.3 are increased at 25,000.00 (twenty-five
The new communication is mandatory just for
exchanges subject to invoicing.
5 DEADLINES FOR COMMUNI-CATION'S SUBMISSION
For the tax year 2010 the deadline for its
submission to the Italian Tax Authority is October
The electronic communication related to tax years from 2011 on,
has to be submitted to the Italian Tax Authority within April the
30th of the following year.
6 EQUIVALENT COMMUNICA-TION
Within 30 days subsequent to the deadline
foreseen for the original communication, it's admitted to
submit an equivalent communication replacing the one already
submitted with the aim of amending any mistake or omission.
In order to consider this equivalent communication valid:
It must refer to the same period of the original
The old/original one must be revoked.
7 SUMMARY PICTURE
For the tax year 2010 the two limits of
3,000.00 and 3,600.00 euro are increased at 25,000.00
euro and the new communication is mandatory just for
exchanges subject to invoicing;
From January 1st 2011 to April
30th 2011 the communication is mandatory just
for exchanges subject to invoicing for amounts
over 3,000.00 Euros (VAT excluded);
From May 1st 2011 on, the
communication will be compulsory for all exchanges VAT
With amounts over 3,000.00 Euro, VAT excluded,
if subject to invoicing;
With amounts exceeding 3,600.00 Euros, VAT
excluded, if not subject to invoicing.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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