VAT rate increases set forth under the 2019 Budget Law have been permanently removed from 2021.
Reduced VAT rate for medical devices and VAT treatment (Art. 124)
Deferral of VAT payments (Art. 126)
Postponement of tax tickets lottery (Art. 141)
Postponement of prepopulated VAT compliance (Art. 142)
Increase of offsetting threshold (Art. 147)
Source: EY
Latest Posts in "Italy"
- Response No. 216/2025 – VAT Treatment of Transactions Between Permanent Establishments of the Same Foreign Entity Belonging to a VAT Group in Another EU MS
- eInvoicing in Italy
- Briefing document: Italy Clarifies VAT Treatment for Transfer Pricing Adjustments: Direct Supply Links Required
- VAT Deduction for Third-Party Goods Imports: Italian Tax Authorities’ Clarifications and Remaining Uncertainties
- Direct and Immediate Link Required for VAT Deduction on Imported Goods by Non-Owners