Italy
| Country | Italy |
|---|---|
| Currency | Euro |
| EU Member State | Yes |
| Standard VAT rate | 22% |
| Reduced VAT rate | 4%/10% |
| VAT registration limit for established businesses | Nil |
| VAT registration limit for non-established businesses | Nil |
| VAT registration rate for distance sellers | 35000 Euro |
| VAT return filing periods | VAT payments monthly / quarterly
return annually |
| Annual returns | Yes |
| Intrastat thresholds: dispatches and arrivals | More than 50000 Euro: monthly Intrastat (EC Purchase listing)
Less than 50000 Euro: quarterly Intrastat (EC Purchase listing) for arrivals. More than 50000 Euro : monthly Intrastat (EC Sales listing); Less than 50000 Euro : quarterly Intrastat (EC Sales listing) for dispatches |
| EC Sales list frequency | Monthly/ Quarterly |
| Additional reporting requirements | Yes |
| VAT recovery by non-established non-EU businesses | Yes for non-EU countries on the basis of reciprocity |
| Reverse Charge | Yes |
| Extended reverse charge | Yes |
| Fiscal representative required for non-EU businesses | Yes |
| Statute of limitations | Recovery of VAT by the authority’s period is 4 years Deduction and refund of VAT period is 2 years |