- Lists identifying companies, entities, and foundations subject to split payment in 2025 published on the Department of Finance website
- Split payment requires VAT charged by seller to be paid directly to the tax authorities by the buyer, separating payment of consideration from tax
- In electronic invoices, split payment is indicated by “S” in the “VAT Due” field
- Authorization from the EU Council required for this deviation from standard VAT application, granted until June 30, 2026
- From July 1, 2025, companies listed on the FTSE MIB index will be excluded from split payment
- Split payment applies to transactions with Public Administrations as defined by law
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.
