VATupdate

Italy: Broader application of the reverse-charge mechanism • “Split payment” of supplies to Italian public bodies • A gradual increase in the rate of VAT

The Italian Council of Ministers approved draft legislation that includes the following VAT proposals:

Broader application of the reverse-charge mechanism
“Split payment” of supplies to Italian public bodies
A gradual increase in the rate of VAT (the current draft does not specify the proposed VAT rate increase percentages).

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