IPSOA Quotidiano: Fulfilments for VAT identification and tax representatives

IPSOA Quotidiano: Fulfilments for VAT identification and tax representatives

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IPSOA Quotidiano today published an in-depth study by Davide Centurelli, chartered accountant Andersen on the suspension of tax obligations established by the Cura Italia decree.

The article analyzes the beneficiaries of the rule, asking whether they also include those identified for VAT purposes or those who have appointed a tax representative, in the light of the interpretative clarifications and pending the implementing measures of the bodies involved, such as INPS and the Inland Revenue.

The suspension of payments of withholding tax, contributions and premiums for compulsory insurance until 31 May is envisaged in the case of revenues (“revenues for income tax purposes”) of less than €2 million. It follows that persons identified or with a tax representative in Italy, operating only for VAT purposes, are not included in this extension.

As regards of fulfilments falling due between 8 March and 31 May, the payment proposal concerns those who have “their fiscal domicile, registered office or operating headquarters in the territory of the State”. The Decree does not clarify what is meant by fiscal domicile. A clarification is awaited from the Revenue Agency, in particular for non-resident taxpayers (identified for VAT purposes pursuant to art. 35-ter of Presidential Decree no. 633/1972) and for those who have appointed a tax representative for VAT purposes in Italy.