Late VAT Declaration: Italian Taxpayers Have Until July 29 to File
In a significant development for Italian taxpayers, the deadline for filing the 2025 VAT declaration, pertaining to the 2024 tax year, has been highlighted. According to a report by Il Sole 24 ORE, the declaration must be submitted electronically by Wednesday, April 30, 2025. However, in cases where this deadline is missed, taxpayers have the option to file a late declaration.
As per the guidelines, if the declaration is not submitted within the initial deadline, taxpayers can still file a late declaration by July 29, 2025, which is 90 days from the original deadline. In such instances, taxpayers are required to pay the relevant penalties using the tax code "8911" and make an operative amendment of €25.
Il Sole 24 ORE reports that even in cases of late filing, a VAT credit exceeding €5,000 can be compensated. However, for amounts above this threshold, compensation can only be made after the tenth day following the filing of the declaration.
The Italian tax authorities have laid down specific rules regarding the filing of VAT declarations. Taxpayers must adhere to these guidelines to avoid any penalties or complications. As stated by Il Sole 24 ORE, "La dichiarazione Iva 2025, per l’anno 2024, deve essere presentata telematicamente entro mercoledì 30 aprile 2025." This emphasises the importance of timely filing.
In cases where taxpayers miss the initial deadline, they can still rectify their situation by filing a late declaration. As noted by Il Sole 24 ORE, "In caso di omessa presentazione entro questa scadenza, il contribuente può presentare una dichiarazione tardiva entro il 29 luglio 2025 (90 giorni dalla scadenza), versando, con codice tributo «8911», le relative sanzioni, con ravvedimento operoso, di 25 euro."
The report further highlights that taxpayers should be aware of the rules governing VAT credit compensation. Il Sole 24 ORE states that "Anche in questi casi, il credito Iva superiore a 5.000 euro può essere compensato, oltre questo importo, solo dal decimo giorno…" This underscores the need for taxpayers to carefully review the regulations.
The information provided by Il Sole 24 ORE serves as a crucial reminder for Italian taxpayers regarding their VAT declaration obligations. By being aware of the deadlines and rules, taxpayers can ensure compliance and avoid potential penalties.
In conclusion, the deadline for filing the 2025 VAT declaration in Italy is April 30, 2025. Taxpayers who miss this deadline can still file a late declaration by July 29, 2025, provided they pay the relevant penalties. For further information and guidance, taxpayers are advised to consult the report by Il Sole 24 ORE.
The report from Il Sole 24 ORE can be accessed at: https://ntplusfisco.ilsole24ore.com/art/dichiarazione-iva-anche-tardiva-entro-29-luglio-AHbt2aV.
This news article has been compiled based on information from Il Sole 24 ORE, a reputable source for financial and tax-related news in Italy. The article aims to provide accurate and informative content for taxpayers and professionals seeking to stay updated on VAT declaration requirements.
For more information on Italian tax regulations and deadlines, readers can visit the Il Sole 24 ORE website. The source material from Il Sole 24 ORE provides comprehensive insights into the topic, ensuring that readers are well-informed about the latest developments.
Il Sole 24 ORE is a leading provider of financial and tax news in Italy, offering in-depth coverage of various topics, including VAT declarations, tax regulations, and more. Their report on late VAT declarations serves as a valuable resource for taxpayers and professionals alike.
The information provided in this article is based on the report from Il Sole 24 ORE and is intended to serve as a general guide. Taxpayers are advised to consult with a tax professional or relevant authorities for specific guidance on their individual circumstances.
By staying informed about VAT declaration requirements and deadlines, taxpayers can ensure compliance and avoid potential penalties. Il Sole 24 ORE remains a trusted source for accurate and timely information on tax-related matters in Italy.
