- 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"
- Local Authority Reimbursements for Employee Electoral Mandate Leave Not Subject to VAT
- VAT Refund Denied in Fraud Context After Contract Reclassification
- Italy’s Supreme Court Redefines Territoriality Through Substance
- Upcoming Consolidated VAT Code to streamline regulations
- Italian Tax Agency Communication on VAT Declaration Discrepancies for 2023 Tax Period