- Split payment mechanism for VAT extended in Italy until 30 June 2026 for most entities
- From 1 July 2025, companies listed on the FTSE MIB index will not be subject to the split payment mechanism
- Invoices to these companies must follow ordinary VAT regime unless specific rules apply
- Change aligns with Italy’s plan to phase out the split payment mechanism
- Split payment continues for transactions with public administrations, public economic bodies or foundations, and companies controlled or owned by public entities or foundations
Source: taxathand.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.
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