Italy Accountants - Notes on VAT in Italy. VAT Italy. Italian VAT. VAT rebate Italy. VAT refund Italy.

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Name of tax

VAT in Italy = IVA = Imposta sul valore aggiunto

Thresholds for monthly and quarterly filing

Monthly returns should be filed if:

The previous year's turnover, or expected turnover for the first year exceeds

309,874 euros for supplies of services or
516,457 euros for other activities

In all other cases, quarterly returns should be filed. The IVA year is the same as the calendar year.

VAT Return deadlines

Result of return	Quarterly return	Monthly return
VAT payable	1 month + 16 days from quarter end	16 days from month end
VAT reclaim	Carried forward	Carried forward

Exception for quarter 4 VAT:

88% advance payment by December 27th
Balance by March 16th in next year.

Refund of VAT

VAT can be reclaimed in any quarter if the refund due is more than 2,582 Euros. In other circumstances, the taxpayer must wait until the year-end to reclaim the final VAT due.

IVA Return deadlines

Annual IVA return 31st October

VAT data notice End of February

VAT reclaim process

Can be claimed along with annual IVA return (separate form necessary) or
Offset against company taxes or social security contributions (limit 516,457 euros).

These notes are for reference purposes only. They are only intended as a guideline and should not be used as a substitute for proper professional advice. Please contact us and we will be happy to assist you.

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