{"id":2807,"date":"2018-03-14T17:05:07","date_gmt":"2018-03-14T16:05:07","guid":{"rendered":"https:\/\/www.asd-int.com\/?p=2807"},"modified":"2020-06-03T14:18:27","modified_gmt":"2020-06-03T12:18:27","slug":"amendment-of-the-tax-rules-on-vat-warehousing-in-italy","status":"publish","type":"post","link":"https:\/\/www.asd-int.com\/en\/amendment-of-the-tax-rules-on-vat-warehousing-in-italy\/","title":{"rendered":"Amendment of the tax rules on vat warehousing in Italy"},"content":{"rendered":"<p>The Italian amending Finance Bill 2017 \u201c<a href=\"https:\/\/www.gazzettaufficiale.it\/eli\/id\/2016\/10\/24\/16G00209\/sg\" target=\"_blank\" rel=\"noopener noreferrer\">decreto legge 22 ottobre 2016, n. 193<\/a>\u201d rescinded the benefit of reverse charging VAT on goods from the warehouse.\u00a0With effect from 1<sup>st<\/sup>\u00a0April 2017, VAT will have to be paid to the Italian authorities on goods coming out of the warehouse, which cancels out the benefits of this procedure.<\/p>\n<p><!--more--><\/p>\n<p>However, Italian industry associations have challenged this decision. They have submitted an application to maintain the current system for imported goods.\u00a0To date, the Government has not yet communicated its decision.<\/p>\n<p>Already, there is provision for an amendment for buying and reselling operations in Italy which will be excluded from this regime.\u00a0On the question of imports, we shall update our article when the Italian Government has published its decision. (Ministerial decree not published to date).<\/p>\n<h2>REMINDER OF THE VAT SYSTEM IN ITALY<\/h2>\n<p>VAT in credit must be indicated in the form of a monthly communication.\u00a0Only the annual declaration, filed between 1<sup>st<\/sup>\u00a0January and 28<sup>th<\/sup>\u00a0February of the year n+1, can officially trigger the application.<\/p>\n<p><strong>Notes:<\/strong>\u00a0the deadline for the 2016 declarations has been moved to 28<sup>th<\/sup>\u00a0February instead of 30<sup>th<\/sup>September in previous years.\u00a0Refund applications are legal proceedings which are subject to systematic checking.<\/p>\n<p>Once the refund authorisation has been granted, there are two possible scenarios for obtaining the funds:<\/p>\n<ul>\n<li>\u00a0Either the deposit of one or two bank guarantees (depending on the amounts) for a period of three years in the amount of the refunds;<\/li>\n<li>\u00a0Or waiting until the end of the limitation period which changed to 6 years with effect from 1<sup>st<\/sup>\u00a0January 2016.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>Note: the threshold triggering the security deposit rose from 15,000 euros in 2016 to 30,000 euros for 2017.<\/strong><\/p>\n<p>A complaint was made in 2014 to the Brussels commission, which requested Italy to amend this refund situation for taxable companies not established in Italy. The situation discriminates between Italian companies which invoice inclusive of all taxes and non-Italian companies which invoice exclusive of tax. Not only was no simplification made by Italy but, on the contrary, it increased the limitation period from 5 to 6 years, which extends the refund timeframe.<\/p>\n<h2>CHANGE OF SYSTEM, SOLUTIONS<\/h2>\n<p>Given the impact of this amendment on cash flow, only three solutions can be considered for purchases for resale in Italy.<\/p>\n<p><strong>Note<\/strong>: we shall review the situation of imported goods when the decision is published.<br \/>\n<strong>1.\u00a0<\/strong>Continue the current flow and accept the deferred cash flow in terms of the conditions above;<br \/>\n<strong>2.<\/strong>\u00a0Change goods flows by transiting them through another EU country to benefit from the VAT exemption on intra-community deliveries.<\/p>\n<p><strong>CAUTION<\/strong>:\u00a0<em>goods must physically transit through the other EU country which will engender additional transport costs. ASD services can help you with the establishment and administrative monitoring of these flow<\/em>s.<\/p>\n<p><strong>3.<\/strong>\u00a0Create a permanent establishment in Italy to be able to invoice with Italian VAT. ASD Italy services can provide you with a domicile and manage your permanent establishment in Italy.<\/p>\n<p><strong>CAUTION<\/strong>:\u00a0<em>permanent establishment creates additional requirements such as the management of transfer prices, the calculation of corporate tax which may be a flat rate in Italy based on sales-related expenses.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Italian amending Finance Bill 2017 \u201cdecreto legge 22 ottobre 2016, n. 193\u201d rescinded the benefit of reverse charging VAT on goods from the warehouse.\u00a0With&#8230;<\/p>\n","protected":false},"author":36,"featured_media":2809,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[3379,3346],"tags":[3599,3351],"pays":[433,818],"class_list":["post-2807","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fiscal-en","category-tva","tag-fiscal","tag-vat-en","pays-italie","pays-italie-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Amendment of the tax rules on VAT warehousing in Italy<\/title>\n<meta name=\"description\" content=\"The VAT warehouse enables imports to enter Italy without advance payment of VAT. 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This solution means it is possible to cease to be in VAT credit and subject to refund delays.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.asd-int.com\/en\/amendment-of-the-tax-rules-on-vat-warehousing-in-italy\/\" \/>\n<meta property=\"og:site_name\" content=\"ASD\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-14T16:05:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-06-03T12:18:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.asd-int.com\/wp-content\/uploads\/2017\/12\/camion-entrepot-16f87.camion-entrepot.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"536\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"No\u00e9mie Almot\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"No\u00e9mie Almot\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.asd-int.com\\\/en\\\/amendment-of-the-tax-rules-on-vat-warehousing-in-italy\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.asd-int.com\\\/en\\\/amendment-of-the-tax-rules-on-vat-warehousing-in-italy\\\/\"},\"author\":{\"name\":\"No\u00e9mie Almot\",\"@id\":\"https:\\\/\\\/www.asd-int.com\\\/en\\\/#\\\/schema\\\/person\\\/ce2b34c81cda744c0b6ce91648ab367b\"},\"headline\":\"Amendment of the tax rules on vat warehousing in Italy\",\"datePublished\":\"2018-03-14T16:05:07+00:00\",\"dateModified\":\"2020-06-03T12:18:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.asd-int.com\\\/en\\\/amendment-of-the-tax-rules-on-vat-warehousing-in-italy\\\/\"},\"wordCount\":513,\"publisher\":{\"@id\":\"https:\\\/\\\/www.asd-int.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.asd-int.com\\\/en\\\/amendment-of-the-tax-rules-on-vat-warehousing-in-italy\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.asd-int.com\\\/wp-content\\\/uploads\\\/2017\\\/12\\\/camion-entrepot-16f87.camion-entrepot.jpg\",\"keywords\":[\"Fiscal\",\"VAT\"],\"articleSection\":[\"Tax\",\"TVA\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.asd-int.com\\\/en\\\/amendment-of-the-tax-rules-on-vat-warehousing-in-italy\\\/\",\"url\":\"https:\\\/\\\/www.asd-int.com\\\/en\\\/amendment-of-the-tax-rules-on-vat-warehousing-in-italy\\\/\",\"name\":\"Amendment of the tax rules on VAT warehousing in Italy\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.asd-int.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.asd-int.com\\\/en\\\/amendment-of-the-tax-rules-on-vat-warehousing-in-italy\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.asd-int.com\\\/en\\\/amendment-of-the-tax-rules-on-vat-warehousing-in-italy\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.asd-int.com\\\/wp-content\\\/uploads\\\/2017\\\/12\\\/camion-entrepot-16f87.camion-entrepot.jpg\",\"datePublished\":\"2018-03-14T16:05:07+00:00\",\"dateModified\":\"2020-06-03T12:18:27+00:00\",\"description\":\"The VAT warehouse enables imports to enter Italy without advance payment of VAT. 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