News and events from the world of taxation
The usual exporter that would to apply the option to purchase goods and services without the application of VAT, it must carried out a declaration of intent and transmitted it electronically to the Revenue Agency. The Tax Office for this purpose will issue an electronically receipt.
The Budget Law 2021 has made amendments to article 1 paragraph 3-bis of Legislative Decree 127/2015, abolishing the so-called "esterometro" fulfillment, changing the methods of transmission of data relating to transactions with foreign costumers/suppliers not established in Italy.
Italy’s Budget Law for the fiscal year 2020 confirmed the introduction of a proportional tax on manufactured products in plastic for single-use (also called “MACSI”), aimed at reducing the production and consumption of plastic. The new plastic-tax was remanded with Budget Law for the fiscal year 2021, and the new rules are fixed at the date of 1st July 2021. The date is not sure, it is probable that the tax will be remanded another time, we are waiting for an update from the Italian government.
The next 20th of January is the deadline for the payment of stamp duty tax on e-invoices issued in the fourth quarter of 2020.