- Italy has introduced a new Consolidated VAT Code, effective January 2027, to unify and modernize VAT legislation.
- The Code merges previous VAT regulations and aligns Italian rules with EU Directive 2006/112/EC.
- Key updates include modernized export documentation, consolidated e-invoicing rules, integrated digital reporting, and updated VAT rate tables.
- Businesses have one year to update their compliance processes before the new rules take effect.
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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