VAT news tagged as "Infringement proceedings"


EU moves to stop Italian bank guarantee requirement for VAT credits

October 30th, 2013

The European Commission is seeking to prevent Italy demanding a bank guarantee from non-resident companies seeking to apply for a VAT credit via their Italian VAT returns. EC wants neutrality for non-resident VAT payers in Italy The EC infringement procedures issued seek to redress the imbalance of non-Italian VAT registered businesses looking to have a …