- Expansion of Reverse Charge Mechanism: Law Decree No. 84/2025, effective immediately as of June 18, 2025, extends the reverse charge mechanism to the transport and logistics sectors, simplifying VAT obligations and reducing compliance burdens for businesses in these industries.
- End of Split Payment for FTSE MIB Listed Companies: Starting July 1, 2025, the split payment mechanism will no longer apply to transactions with FTSE MIB listed companies, allowing them to manage VAT payments under the standard regime, aligning with EU regulations.
- Postponement of VAT Payment Deadlines: The deadline for paying the balance for 2024 and the advance payment for 2025 has been extended to July 21, 2025, providing taxpayers additional time to meet obligations without incurring surcharges.
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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.
