VAT news tagged as "Guarantee"


Italy non-resident importers VAT warehouse changes

January 31st, 2014

From 12 September 2011, the import of goods into an Italian warehouse were determined as zero rated for Italian VAT if a guarantee is provided to cover the imputed VAT. The guarantee shall automatically expire when the goods are removed from the warehouse. On 4 November 2011, the Italian Customs Agency issued a further guidance …