If you started the activity last year and are in the exemption regime of article 53 of CIVA, it is very important that you calculate the updated turnover for 2021. If the turnover is greater than 12500 € you have to submit until the end of January and the declaration of changes to be included in the normal VAT regime. As of February 1st you have to start charging VAT to your customers.
|
Article 53 |
1 - Taxpayers who, not having nor being obliged to keep organized accounts for IRS or IRC purposes, nor practicing import, export or related activities, nor exercising an activity consisting in the transmission of goods or rendering of services mentioned in annex E of this Code, have not achieved, in the previous calendar year, a turnover exceeding 12,500 (euro), are exempt from the tax. (Amendment made by Law no. 2/2020, of March 31) (*)
