- From January 1, 2026, the VAT taxable base for barter transactions in Italy shifts from the “normal value” to the “incurred cost” criterion.
- This reform aligns Italian law with EU principles, ensuring greater tax neutrality and reducing the VAT burden.
- The new rule simplifies compliance by using certified accounting costs instead of volatile market values.
- Transitional provisions safeguard previous behaviors based on EU jurisprudence.
- Practical examples highlight significant VAT savings and clarify application timing for immediate and deferred barter effects.
Source: commercialistatelematico.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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