Edited by Andrea Werner Beilin, Francesco Maria Mariani e Francesco Turri
As provided by the Act no. 29534/2024 of 15 July 2024, the Italian Tax Authorities are sending several “compliance letters” to the taxpayers.
The “compliance letters” are notices through which the Italian Tax Authorities report discrepancies related to the FY 2021, detected as a result of cross-checking activity performed on the data available to the tax authorities themselves.
In particular, the controls are made by cross checking:
- The data related to the electronic invoices issued for the sales of goods and provision of services carried out between entities resident or established in Italy and to Public Administrations;
- The data of the daily electronic consideration transmitted to the Italian Tax Authorities;
- The data included in the annual VAT return.
The following information are included in the compliance letters:
- The taxpayer data;
- Number of the communication and year of reference;
- Act code;
- Total transactions that are subject to VAT and to the reverse charge mechanism transmitted electronically by the taxpayer;
- Modalities for consulting the information on the detail of the discrepancies;
- How to request information and how to provide further elements to the Italian tax authorities;
- Ways to regularize the taxpayer’s position.
We would highlight that, if a “compliance letter” is received, the taxpayer can:
- Request additional information to the Italian Tax Authorities and report elements to justify the discrepancies detected; or
- Regularize the position by paying reduced penalties via voluntary disclosure, according to art. 13, legislative decree n. 472/97.
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