- Italy extends VAT split payment system until 30 June 2026 for most public sector transactions
- From 1 July 2025, FTSE MIB-listed companies must exit the split payment regime and return to the standard VAT system
- The extension follows Council Implementing Decision EU 2023/1552 published in the EU Official Journal on 27 July 2023
- The split payment system aims to close the VAT gap and simplify VAT collection
- The system separates the VAT amount at the time of sale, paying it directly into a government account
- The regime continues until mid-2026 for transactions involving public administrations and related entities
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.
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