- Italy’s Department of Finance has released updated lists of companies subject to VAT split-payment system in 2025
- Lists include companies controlled by government ministries, central administrations, local administrations, and national social security and welfare institutions
- Companies listed on FTSE MIB index of Italian Stock Exchange are also included
- In split-payment system, goods and services to specific recipients are taxed at standard VAT rates
- Payments are divided into taxable amounts and VAT, with VAT being paid into a blocked bank account.
Source: regfollower.com
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?
