On July 14, 2025, the Council of Ministers convened under Vice President Antonio Tajani, where they discussed and preliminarily approved the Unified VAT law.
- Compilation of VAT Regulations: The new unified VAT law consolidates existing regulations into a single text, effectively abrogating prior reference provisions while streamlining the legal framework governing the Imposta sul Valore Aggiunto (IVA).
- Structure and Content: The unified text is organized into 18 titles and consists of 171 articles, incorporating provisions from the existing legislation (D.P.R. No. 633 of 1972 and Decree-Law No. 331 of 1993) that govern national and intra-community transactions, aligned with the EU VAT Directive 2006/112.
- Inclusion of Diverse Provisions: This comprehensive document also integrates various provisions that have evolved over time, addressing updates and innovations in VAT legislation, including specific regulations related to art, antiques, and collectibles.
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