- From July 1, listed companies in the FTSE MIB index will be excluded from split payment.
- This change aligns with EU decision 1552/2023, allowing split payment until June 30, 2026, excluding certain operations from July 1, 2025.
- Italy requested an extension of the split payment to combat fraud, granted by the EU Council.
- Suppliers must adjust invoicing methods for these companies, using standard procedures unless reverse charge applies.
- Sellers will no longer indicate split payment in electronic invoices and must include tax in periodic settlements.
- Buyers will pay tax to suppliers and can deduct it without restrictions.
- The change applies to invoices issued from July 1, 2025, based on the issuance date, not the transaction date.
- Invoices must be issued within 12 days of the transaction.
- Tax becomes due upon payment unless the buyer opts for earlier liability.
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.
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