The Italian Official Gazette published Legislative Decree No. 32, which implements EU Council Directive 2021/514 for digital platform operators (DAC7) on mandatory automatic exchange of financial account information. The decree defines key terms, establishes due diligence procedures, clarifies registration and reporting obligations, provides verification procedures and penalties for noncompliance, and obligates connecting services to notify the EU commission of four types of income and capital categories. The new regulations are effective from March 26 and require compliance by Jan. 1, 2024.
Source GVC
Click on the logo to visit the website
Latest Posts in "Italy"
- Companies Must Opt for VAT Group by September 30 for 2026 Implementation
- Tax Authority Clarifies VAT on Rechargeable Fuel Cards: Implications for Businesses and Professionals
- Tax Benefits for Construction and Restoration Companies: 10% VAT Rate Explained
- Italian Tax Authorities Remove Non-EU Companies from VIES for Failing New VAT Guarantee Requirements
- Italy Issues Clarification on VAT Treatment of Transfer Pricing Adjustments
