Italy - Consequences for incorrect filing of VAT returns – hellotax Global S.L

Submitting an incorrect VAT return can result in significant penalties and interest. The severity depends on whether the mistake was due to an error or intentional misreporting.

1️⃣ Incorrect VAT Return Due to an Error ❌

📌 Penalties for Errors:

If a VAT return is filed incorrectly, penalties and interest can be applied.
The total penalty for errors can reach up to 30% of the VAT due.

2️⃣ Intentional Misreporting or Fraud 🚨

📌 Penalties for Intentional Fraud:

If the VAT return is filed with the intention of hiding transactions or similar, the penalties can range from 90% to 180% of the VAT due.

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Italy - Consequences for incorrect filing of VAT returns

In this article

1️⃣ Incorrect VAT Return Due to an Error ❌

2️⃣ Intentional Misreporting or Fraud 🚨

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How can we help you?

Search

Categories

In this article

1️⃣ Incorrect VAT Return Due to an Error ❌

2️⃣ Intentional Misreporting or Fraud 🚨

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