Introduction of Tax Account in the beginning of 2010

- are you prepared?

Payment and refunding of unprompted taxes such as Value Added Tax (VAT) and employer contributions will change from the beginning of 2010 with the introduction of Tax Account, along with filing of new periodic tax returns. Unprompted taxes will be reported on a periodic tax return, and payment will be due by the 12th day of each month. Due dates for returns and payment will be harmonized and negative VAT, for example, will be subtracted from total taxes due.

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Get in touch with our specialists when you need advice on making the transition to Tax Account system: verotili@fi.pwc.com