- The Council of Ministers approved a legislative decree incorporating EU directives 2020/285 and 2022/542 into Italian law
- Significant changes include the introduction of a cross-border VAT exemption regime and the ability for flat-rate taxpayers to issue simplified invoices for amounts over 400 euros
- The special regime for small businesses, effective from January 1, 2025, aims to simplify administrative obligations for small entities
- The approved decree introduces a new Title V-ter within the VAT decree, with two sections regulating the exemption regime for Italian entities in other EU member states and for national operators in other EU countries
- To be eligible for the regime, certain conditions must be met, such as an annual turnover not exceeding 100,000 euros in the previous year in the EU and in the current year before opting for the regime
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.
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