Vat Recovering

Once registered for VAT in Italy, you will be required to file periodic statutory declarations. In particular, a VAT return will need to be filed (usually every month or quarter), which summarizes all the taxable transactions that your business made in that specific period.
Every VAT return is different and will have different information requirements and reporting formats. In all cases, you must declare the VAT that you have charged on sales (output VAT) and you are allowed to claim back the VAT you have paid out (input VAT), subject to your taxable activity.
Depending on transactions types and values, your business may have to pay over the VAT surplus to the local tax authorities, or will be eligible to make a claim for a refund.
Refund of VAT is applicable according to the Eighth Council Directive of 6 December 1979 on the harmonization of the laws of the Member States relating to turnover taxes – arrangements for the refund of value added tax to taxable persons not established in the territory of the country (79/1072/EEC).
Foreign companies who have paid VAT in Italy can claim the refund under certain conditions to the Tax Authorities. The refund can regard a wholly year or even a quarter of the year.
VAT ITALIA is committed to:
– recovering VAT on the invoices from all your suppliers and on every recoverable product.
– ensuring the compliance of all your documents with the requirements of Italian Tax Authority.
– offering competitive commission rates with no up-front fees.