- Italian Council of Ministers approved a new law decree with key VAT changes on 12 June 2025
- The decree was published on 17 June 2025 and took effect on 18 June 2025
- The decree must be converted into law by parliament within 60 days
- Split payment mechanism ends for FTSE MIB-listed entities from 1 July 2025
- Reverse charge mechanism expanded to transport and logistics sectors
- VAT payment deadlines for 2024 balance and 2025 advance payments extended to 21 July 2025
- Payments from 22 July to 20 August 2025 accepted with a 0.4 percent surcharge
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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