- The EU Council has extended Italy’s authorization to use the split payment procedure until 30 June 2026.
- The split payment procedure allows Italian VAT to be paid directly to a separate bank account of the Italian tax authorities instead of the supplier.
- Italy had requested an extension until 31 December 2026, but it was only granted until 30 June 2026.
- Italy plans to abolish the split payment for sales of companies listed on the FTSE MIB from 1 July 2025.
Source: kmlz.de
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.
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