- Italy introduces new reverse charge mechanism for services in logistics sector
- Law no. 207 of 30 December 2024 enacts article 17(6)(a-quinquies) of Presidential Decree no. 633/72
- Italian Revenue Agency and Public Prosecutor scrutinizing operators in logistics sector for correct recovery of input VAT
- Fraud involves contractors/subcontractors providing labour-intensive services and their customers
- Main indicators of fraud include work contracts deploying own resources and failure to pay VAT
- Italian Revenue Agency challenges recovery of input VAT and applies heavy penalties
- New rule aims to reduce VAT gap in logistics sector and protect customers from fraud and criminal consequences
Source: kpmg.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.
