- New transboundary VAT exemption regime for small businesses starting in 2025
- Directive n. 2020/285/EU introduced two levels of VAT exemption for small businesses: domestic and transboundary
- The new regime will apply from January 1, 2025
- A legislative decree approved by the Council of Ministers on August 7, 2024, and presented to parliamentary committees for opinions, incorporates EU provisions to address competition issues caused by current limitations on exemption access for non-established small businesses.
Source: ipsoa.it
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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