- EU Directive 2022/542/EU aims to reform VAT rates criteria across member states
- Directive must be transposed into national legislation by August 31, 2024
- Italian VAT system will undergo significant changes
- Implementation process initiated through European Delegation Law 2022-2023
- Legislative decree to transpose directive into national law must be adopted by Italian government by August 31, 2024
- Reform marks beginning of legislative journey towards substantial VAT rate structure changes
- Details of new VAT rate structure to be outlined in forthcoming legislative decree
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"
- CPB: Early Exemption from Compliance Visa for VAT Credit Offsetting up to 70,000 Euros
- 10% VAT Applies to Musical Entertainment Accessory to Restaurant Services, Rules Italian Supreme Court
- Deductibility of Non-Deductible Pro Rata VAT: Cash or Accrual Basis for Businesses?
- Expense Recharging Between Unassociated Professionals: VAT Rules and Invoicing Obligations Explained
- EU VAT Showdown: Is User Data a Taxable Payment for Free Digital Services?
