Italy reduces Blacklist countries

Any Italian VAT registered business, resident and non-resident, must produce a regular report on transactions undertaken with a business resident in a Blacklist country, with increased restrictions on the deductibility of costs incurred from the countries. Italy have now removed several countries from its ‘Black list’ of countries that require this additional reporting.

Malaysia, Singapore and the Philippines have now been removed from this ‘Black list’ or ‘Modello Polivalente’, still leaving over 40 countries on it.

For a full list of countries see the earlier eBiz Answers post: Italian Tax Black List

Laura Stockley
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Laura Stockley

Consultant at eBiz Answers Ltd
Laura graduated from University with a degree in Business Studies, and has been working as an Oracle eBTax consultant for several years now, with both R12 eBTax and Fusion (Oracle Cloud) Tax. Focussing primarily on the tax module and its components, Laura also works on the other financial modules and understands how they integrate with the tax engine. Laura has worked on projects with multiple clients covering all aspects of the tax module including AP, AR and GL, working on everything from design, configuration, testing to support. An excellent communicator, Laura enjoys interacting with end users and relishes the challenge of resolving their issues; making tax an enjoyable experience, always.
Laura Stockley
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