TR Model updating: no guarantee required

The taxpayers, even if they are considered risky, will no longer be required to get a bank guarantee for VAT refunds higher than 30.000 euro, as long as they adhere to the system of “adempimento collaborativo” or “programma di adesione” made by the Italian Revenue Agency.
Definitely, this is the main update of the TR model’s instructions. They were approved last March 28th by the Italian Revenue Agency, and they will be used starting from the next May 2nd 2017 with reference to the Vat refund requests related to the first quarter 2017.