Italy asked to withdraw its request to increase the exemption threshold from EUR 65 000 to EUR 100 000, explaining that this request was based on a national rule which was in the course of being repealed. Instead, Italy expressed its wish to keep the current threshold of EUR 65 000, which is in line with the flat-rate scheme for taxpayers in the field of direct taxes. Moreover, Italy asked to withdraw the request concerning the EUR 130 000 threshold for voluntary organisations and associations for social advancement, given that it is linked to direct taxation measures not yet in force; Italy reserved the right to resubmit such request once the overall measures at issue enter into force. Furthermore, following the Member States’ agreement during the Economic and Financial Affairs Council (ECOFIN) of 8 November 2019 on the Commission proposal on new simplification rules in respect of VAT for small businesses, which was adopted on 18 February 2020 and will enter into force on 1 January 2025, Italy requested that the extension of the derogating measure expire on 31 December 2024.
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It is therefore appropriate to authorise Italy to apply the derogating measure until 31 December 2024. Nevertheless, as the adoption by the Commission of the decision authorising the derogating measure will take place after the expiry of Council Implementing Decision (EU) 2016/1988 (i.e. after 31 December 2019), this proposal cannot prolong the expiry date of the derogating measure authorised by that decision.
Source: europa.eu
