- The new unified text on VAT is expected to be discussed in the Council of Ministers soon.
- The legislative process aims for adoption by 2026, consolidating all VAT-related provisions.
- The fiscal reform law delegates the government to reorganize tax provisions into unified texts.
- The deadline for adopting these legislative decrees is December 31, 2025, with possible extensions.
- The new VAT text combines existing laws and introduces a more organized structure.
- The structure is national and does not fully align with EU directives.
- The new text will reorder provisions, covering various aspects of VAT in a systematic manner.
- The objective basis of the tax will include a wide range of transactions and new terminologies.
- New sanctioning provisions will be integrated, and certain articles will be repositioned for clarity.
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.
