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Penalties (Italy)

The Italian system contains a number of penalty provisions designed to encourage compliant behaviour from taxpayers. In addition, the penalties are geared towards encouraging taxpayers to take reasonable care in the process of fulfilling their obligations under the VAT system.

The penalties are as follows:

1. Ìý

   •ÌýÌýÌýÌý Failing to file the VAT return more than 90 days after the deadline.

2. Ìý

   If any VAT is due, the penalty ranges from 120% to 240% of VAT owed, with a minimum amount of €250.

3. Ìý

   If no VAT is due, the penalty ranges from €250 to €2,000.

4. Ìý

   •ÌýÌýÌýÌý Failing to file the VAT return more than 90 days after the deadline but before the filing of the VAT return for the following year.

5. Ìý

   If any VAT is due, the penalty ranges from 60% to 120% of the VAT owed, with a minimum amount of €200.

6. Ìý

   If no VAT is due, the penalty ranges from €150 to €1,000.

7. Ìý

   •ÌýÌýÌýÌý Fraudulent VAT return.