The new rules to simplify and speed up refunds will be contained in a circular, which will be released shortly. The director of the Revenue Agency, Attilio Befera, spoke about it with the president of the technical tax committee of Confindustria, Andrea Bolla, on the occasion of one of the periodic meetings organized in the area between the two organizations.
The rating innovation will serve to select companies which, as they are structurally credited with VAT, will be able to avoid repeating all the obligations for each request, provided they have shown themselves to be completely reliable for the tax authorities.
Those with a high "rating" will be able to benefit from speedy methods and minimum requirements to see VAT refund requests fulfilled. Who will find himself in the second group, however, will find simplifications and faster times to recover the excess VAT. Only a small part of taxpayers, who will be classified by the Agency as having the highest tax risk, will have to continue to follow the current procedures. However, it will be a small number of companies, probably less than a fifth of the total.
The Revenue Agency has long been committed to improving the repayment times of tax credits, with results that Confindustria is appreciating, as pointed out by Bolla. Last year, 11,5 billion euros were disbursed compared to 7 in 2012, and with various circulars fundamental aspects of the tax obligation were clarified, starting with accrual errors or credit losses.
However, the problems that are the subject of the infringement procedure initiated by the European Commission against our country remain, as regards the still too long repayment times as well as the costs that Italian procedures impose on companies in terms of guarantees and sureties demanded by the administration finance to proceed with the repayments due.
The rating initiative, announced by Befera, should help solve most of the problems raised by the European Union.
