Italy
Italy raised the criminal threshold for unpaid Import VAT from EUR 10,000 to EUR 100,000, while customs duties remain at EUR 10,000. Administrative fines range from 100% to 200% of unpaid VAT, with criminal penalties including fines and possible imprisonment.
Denmark
From July 1, 2025, Denmark allows VAT deductions up to six months after the supplier’s invoice date, requiring consistent deduction methods throughout reporting periods. This flexibility currently excludes foreign purchase deductions under reverse charge, with further guidance expected.
Romania
Romania will simplify VAT rates from August 1, 2025, raising reduced rates to 11% while maintaining a 19% standard rate. Proposed increases to 21% standard rate may occur next year, affecting basic foods, transport, hotels, and water supplies.
