Extraction of goods introduced to VAT deposit

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By the decree of the Ministry of Economy and Finance on the 23rd February 2017, the legislation is reviewed in the section on tax deposits, in particular as regards the extraction of goods introduced in storage.

The main novelty is the fact that from April 1, 2017, for the extraction of goods from the warehouse will need to pay a special guarantee that buys the tax payable in the manner and in the cases provided by the decree.

They also set the requirements for the application of VAT in the entities who carry out extraction. If one or more of these requirements are not fulfilled VAT is payable upon performance of the guarantee.

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