To reduce the number of VAT filings, the Italian VAT authorities are set to offer Italian VAT registered businesses the choice of submitting daily VAT declarations. Companies taking this option will not have to complete additional reports such as those in connection with the Italian Spesometro and Italian Black List.
Under the new reporting system businesses will be required to submit an online daily analysis of VAT transactions. Contracts or transactions with public bodies and the state will not have to be included in the daily reports.
This new compliance generalization option for Italian VAT will start from January 2015.
