- Alignment with EU Scheme: On December 30, 2024, the Italian Revenue Agency introduced a new Provision to align Italy’s VAT exemption regime with the EU’s cross-border SME scheme, aimed at reducing administrative burdens for small businesses and enhancing cross-border trade.
- Eligibility Criteria: To qualify for the VAT exemption, businesses must be EU-established with an annual turnover below €100,000 across the EU and must not exceed Italy’s national threshold of €85,000 in any Member State.
- Notification Process: Starting January 1, 2025, eligible businesses can apply for the exemption by submitting a notification through the Revenue Agency’s online portal to obtain an EX identification number, which is necessary to apply the exemption.
Source Comarch
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