- Removal of Split-Payment Requirement: Decree-Law No. 84, effective from 1 July 2025, eliminated the VAT split-payment system for companies listed on the FTSE MIB index of the Italian Stock Exchange, allowing these companies to revert to standard VAT payment practices.
- Clarification from Italian Revenue Agency: On 27 June 2025, the Italian Revenue Agency released a new FAQ clarifying that the exclusion of listed companies from the split-payment system applies to transactions for which invoices are issued on or after 1 July 2025, regardless of the supply date or when VAT becomes chargeable.
- Definition of Invoice Issuance: According to the FAQ, an invoice is considered issued when it is transmitted to the electronic invoicing Exchange System
Source Orbitax
- (Sistema di Interscambio – SDI) managed by the Revenue Agency, providing clear guidance on the effective implementation of the amended VAT regulations.
- The reference criterion seems to be the invoice issuance date.
- Starting July 1, listed companies in the FTSE MIB index of the Italian Stock Exchange, identified for VAT purposes, will be excluded from the split payment application.
- Article 10 of DL 84/2025 removed letter d of article 17-ter paragraph 1-bis of DPR 633/72 for operations with invoices issued from that date.
- The legislative change aligns national rules with EU decision 1552/2023.
- Italy is authorized to use the split payment mechanism until June 30, 2026, excluding operations with the mentioned companies from July 1, 2025.
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.
