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All goods and a large amount of services whether imported or locally produced are liable to VAT in Italy. VAT is charged on assets and services in Italy including imports into Italy. In Italy the Vat is charged on a non-discriminatory basis. |
Non-residents without having any permanent establishment in Italy are required to appoint a representative to implement their rights, accomplish their responsibilities & get deduction for the VAT under the VAT law. |
Usually, VAT paid on goods and services obtained or imported within Italy by a taxable person (input VAT), to be utilized by him for business purpose, may be equalized against the VAT due on sales (output VAT). |
In Italy Vat or Value added tax is known as ‘IVA’. In Italy the standard Vat rate is 20%.
In Italy VAT is refundable in the following cases as per Italian VAT law (n.633/1972) based on Community provisions |
