- The Council Implementing Decision (EU) 2017/784 authorizes Italy to apply a special measure derogating from Articles 206 and 226 of Directive 2006/112/EC on VAT.
- This measure allows VAT due on supplies of goods and services to public authorities, companies controlled by public authorities, and companies listed on the stock exchange to be paid by the recipient to a separate and blocked bank account of the tax administration.
- In addition, invoices issued in relation to these supplies must include a special remark that VAT has to be paid to this separate account.
- Italy must notify the national measures to the Commission and submit a report on the situation of VAT refunds by 30 September 2024.
- This Decision repeals Implementing Decision (EU) 2015/1401 and applies from 1 July 2017 to 30 June 2026.
Source eur-lex.europa.eu
