- The EU Commission has proposed extending Italy’s split payment VAT system until 30 June 2029.
- The extension would keep the current scope unchanged, with no changes to who it applies to.
- The proposal still needs approval from the EU Council; the Italian Ministry of Economy and Finance confirmed it.
- Split payment requires VAT shown on invoices to be paid directly to the tax authority by the buyer, not the supplier.
- Italy argues the system helps recover taxes and combat fraud, especially through checks enabled by mandatory e-invoicing.
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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