Why is there an 1% extra payment for VAT in ITALY? How can I avoid this 1% payment legally? : Global VAT Compliance

Why is there an 1% extra payment for VAT in ITALY? How can I avoid this 1% payment legally? Print

Modified on: Tue, 30 Mar, 2021 at 3:46 PM

Tax payers with an annual turnover above €700,000 must remit any VAT due each month. Businesses below this amount can opt to pay quarterly, but must pay a 1% non-refundable surcharge.

Therefore as long as you are a quarterly you must pay the 1% non-refundable surcharge.

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Why is there an 1% extra payment for VAT in ITALY? How can I avoid this 1% payment legally? Print

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