Italian Tax Authority Cracks Down on VAT Fraud

On June 12 of 2017, the Italian Tax Authorities (ITA) issued Protocol No. 110418, to further implement the principles of EU administrative cooperation and combating fraud in the field of VAT. The purpose of the new rules is not only to identify potential VAT Fraud, but also to empower the ITA to cancel VAT numbers and/or exclude VAT numbers from the Verification and Identification Exchange System of taxable persons who are not meeting the required conditions to maintain VAT taxable person status.

The post Italian Tax Authority Cracks Down on VAT Fraud appeared first on Sovos.

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Lee Pender

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