Italy VAT reclaim guarantee updates

Mon 23rd Feb 2015

The Italian tax office has provided new guidance on the Simplification Decree which changed the rules on Italian VAT reclaims. The new guidance details the following changes:

  • VAT reclaims below €15,000 by foreign companies will no longer require a bank guarantee
  • The €15,000 threshold will no include and VAT suffered
  • The guarantee requirement will not be enforced on outstanding, but not yet refunded VAT recovery claims