- The Department of Finance published lists of companies, entities, and foundations subject to split payment for 2026.
- Split payment requires the buyer to pay VAT directly to the Treasury instead of the supplier, separating payment of the invoice from the tax.
- This system is an exception to standard VAT rules and requires EU Council authorization, currently granted until June 30, 2026.
- From July 1, 2025, companies listed on the FTSE MIB index are excluded from split payment.
- National law has been updated to align with the EU decision, and the relevant legal provisions have been amended accordingly.
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.
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