Italy introduces automated VAT assessment for omitted annual returns

Italy's 2026 Budget Law, which entered into force on January 1, 2026, introduced a new automated procedure to speed up VAT collection when annual VAT returns are omitted (Art. 54bis.1 DPR 633/1972).
Italy's VAT control model increasingly relies on digital transaction data. When an annual VAT return is omitted or unusable for VAT calculation, the tax …
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