Value added tax (VAT) is an important source of tax income for the EU Member States, but every year there is an estimated € 150-160 billion of tax revenue lost due to shortcomings in the VAT system, including fraud.
For companies, it is essential to review cross-border operations carried out with related parties, and it is crucial to have a study on transfer prices, in order to justify them in light of current tax regulations.
The Italian government has approved a mini voluntary disclosure in favor of tax payers resident in Italy who, previously, were resident abroad or worked continuously abroad in border areas and neighboring countries.
The provision n. 194409/2017 has reformed the INTRASTAT discipline, eliminating some obligations and simplifying those that remain, implementing the changes made by art. 13 of the DL 244/2016 to the art. 50 of Decree 331/93.