"Black List" communications
Article 1 of the Law Decree n. 40 of 25/3/2010, converted into Law 73 of 22/5/2010, introduced a new disclosure requirement, aimed at combating tax evasion. VAT payers, in fact, are required to communicate to the Revenue Agency, using exclusively telematic methods, the data relating to transactions with economic operators having their registered office, domicile or residence in countries with privileged taxation, as per Ministerial Decree of 4 / 05/1999 and the Ministerial Decree of 21/11/2001 (Black List Countries).
The purpose of this analysis is to describe the main characteristics of the new obligation, in the light of the recent circulars, no. 53 / E of 21 October 2010 and no. 54 / E of 28 October 2010, issued by the Revenue Agency.
Topics index
- Subjects required to disclose and implement measures
- Objective scope of application and identification of the counterparty
- The Black List
- Frequency of communications
- Sanctioning regime