Italy VAT guarantee threshold
Italy raises VAT refund guarantee threshold
Italy has raised the VAT refund thresholds above which it requires a certified Italian audit or bank guarantee. The annual threshold is now €30k, up from €15k.
Above this amount, the taxable person most have a certified Italian account review all applicable invoices, and approve them a refundable. Alternatively, the claimer can provide a bank guarantee to receive their refunds.
There is no change to the same limits on credit applications on VAT returns.
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