- New cross-border VAT regime for small businesses in the EU starts in 2025
- Aims to reduce bureaucracy with a single communication for multiple countries
- Offers benefits for businesses within specified limits but includes restrictions and obligations
- Implemented in Italy through D.Lgs. 180/2024, following EU directive 2020/285
- Applies to non-resident small businesses with specific requirements
- Italian law limits the regime to individuals, differing from EU rules
- Requirements include annual turnover limits in the EU and Italy
- Must notify home state and identify with an EX number in the home state
- Exclusions include real estate transactions and participation in certain business entities
Source: commercialistatelematico.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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