🇮🇹 December 2023 advance payment in Italy

In Italy, an advance payment is due in December every year.

Who is required to pay?

This only affects taxpayers who registered in Italy in 2022 or earlier.

When does the payment have to be made by?

The deadline for settling the advance payment is 27 December 2023.

How do I find out what amount I have to pay to whom?

We'll send you the exact payment information in sufficient time. Please don't take any action yourself before we have sent you the payment information!

How is the payment calculated?

The advance payment is calculated as follows:

• For taxpayers with a monthly payment period:
  88% of the tax liability from December of the previous year
• For taxpayers with a quarterly payment period:
  88% of the tax liability from the fourth quarter of the previous year
• For taxpayers who switched from a quarterly payment period last year to a monthly payment period in the current year:
  88% of one-third of the tax liability from the fourth quarter of the previous year

We handle the payment calculation ourselves. You only need to send us the data basis for calculating the advance payment; we'll take care of the rest!

How do I send my data to Taxdoo?

If your return for 2022-Q4 was carried out by us, you don't need to do anything.

If your return for 2022-Q4 was carried out by another service provider, we'll send you a link where you can enter the data for calculating the advance payment.

Please note the deadline for entering your data:

17 December 2023, 23:59 (CET). 

You can find the required number in your VAT return for 2022-Q4.

Two cases are to be distinguished here:

• If you paid your Italian VAT in 2022 on a monthly basis, you can find the necessary value in field VP6 on the sheet marked Mese 12:
  
  
  
  
• If you paid your Italian VAT in 2022 on a quarterly basis, you can find the necessary value in field VP6 on the sheet marked Trimestre 5:
  
  
  
  

I can't open the link. Why won't it work?

The link can only be opened if you are logged in on the Taxdoo dashboard. Please make sure that you have first logged into the dashboard and then click on the link in your email again.

What if the value entered in field VP6 is "0"?

In this case, no tax liability has been incurred in the relevant period. Therefore, no advance payment is required. Please simply enter "0".

What if the value is entered in the field on the right "a credito"?

In this case, a tax credit has accrued in the relevant period. Therefore, no advance payment is required. Please simply enter "0".

How is the advance payment handled in the returns?

The advance payment is recorded in your VAT return for 2023-Q4 (field VP13). Your tax liability for this period reduces in accordance with the advance payment amount.

What happens if I don't respond before the deadline?

If you don't respond within the specified deadline, we'll assume a value of €0 and enter this into your return for 2023-Q4.

What happens if the advance payment is higher than my tax liability?

In case the advance payment is higher than the tax liability, then the remaining credit will be considered in your upcoming VAT returns.