- Forfetari can now pay VAT quarterly instead of monthly when using reverse charge.
- This change is part of a legislative decree approved by the Council of Ministers.
- Forfetari maintain VAT liability but cannot deduct VAT on purchases.
- VAT must be paid on certain services received from non-resident entities.
- Reverse charge applies to specific internal operations, like some construction services.
- Intracommunity purchases are subject to VAT above a threshold of 10000 euros.
- VAT payment involves invoice integration or self-invoicing, paid via F24 form.
- New rules set VAT payment deadlines to the 16th of the second month after each quarter.
- This change benefits small entities by aligning their payment terms with larger operators.
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.
