Italy Confirms Start Date for Exclusion of Listed Companies from VAT Split Payment System

Split-Payment Removal Date: Italy’s VAT split-payment rule no longer applies to FTSE MIB-listed companies for invoices issued on or after 1 July 2025, regardless of supply or VAT charge date.

Invoice Issuance Clarification: The Italian Revenue Agency confirms an invoice is officially issued when submitted to the electronic SDI system, not when the supply occurs or VAT becomes due.