Italy has issued Legislative Decree No. 153, effective from 18 November 2023, implementing new reporting obligations for payment service providers from 1 January 2024 as per Council Directive (EU) 2020/284. Payment service providers must monitor payees of cross-border payments and report information on those receiving more than 25 cross-border payments per quarter to Member State administrations, as part of efforts to combat VAT fraud.
Source Orbitax
Latest Posts in "Italy"
- Legislative Decree Reforming VAT Deductions for Third Sector, Business Crisis, and Sports
- Italian Supreme Court Clarifies VAT Reverse Charge Penalty Notification Deadlines in 2025 Ruling
- Reduced VAT Rate of 4% Only Applies to Contracts, Not Sales with Installation
- Italian Supreme Court Clarifies Double Time Limit for Sanctions in Reverse Charge VAT Cases
- Italian Revenue Agency Clarifies VAT Reverse Charge Eligibility for Gold Materials as Finished Products