- Italy updated its VAT rules for the third sector, social enterprises, and non-commercial entities via Legislative Decree No. 186/2025.
- Introduced a flat-rate VAT regime for volunteering organisations and social promotion associations, with increased revenue thresholds and simplified obligations.
- Extended and clarified VAT exemptions for third sector entities, including services like healthcare, education, and social welfare, with exemptions lasting until 2036.
- Applied a reduced 5% VAT rate to social services provided by social enterprises.
- Revised rules for VAT deductions and accounting, requiring proportional deductions and separate accounting for mixed-activity entities.
Source: regfollower.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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