- The cost of goods is net of deductible VAT
- The forfait regime ceases to apply when revenues or compensation exceed 100,000 euros
- The immediate exit from the forfait regime will apply from the 2023 tax period
- The applicable tax rules must be coordinated with the VAT rules
Source: eutekne.info
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Italy"
- 10% VAT Applies to Wood Chips and Sawdust Sales Regardless of Buyer’s Intended Use
- Understanding VAT Exemption for Businesses in Italy: Rules, Transactions, Invoicing, and Accounting Explained
- 10% VAT Applies to Wood Chips and Sawdust Sales Regardless of Buyer’s Intended Use
- Italy Postpones Implementation of Consolidated VAT Code to 2027
- Italy Updates VAT Rules: Flat-Rate Regime, Exemptions, and 5% Rate for Social Sector














