- Italy has removed the VAT split-payment requirement for FTSE MIB-listed companies starting 1 July 2025.
- The split-payment system involved dividing payments between suppliers and a blocked VAT account.
- The Italian Revenue Agency clarified that the change applies to invoices issued on or after 1 July 2025.
- An invoice is considered issued when sent to the Electronic Invoicing Exchange System.
- The VAT split-payment system remains for most public sector transactions until 30 June 2026.
- FTSE MIB-listed companies will revert to the standard VAT system from 1 July 2025.
Source: regfollower.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.
Latest Posts in "Italy"
- Commercial Property Conversion to Residential: VAT Deduction Adjustment Required Under Italian Tax Law
- Italian Supreme Court Rules Non-Deductibility of VAT on Non-Existent Transactions for Business Income
- Exclusion of Capital Goods in Pro-Rata VAT Calculation: Recent Interpretations and Implications
- VAT Deduction Rights During Company Liquidation: Recent Clarifications and Legal Interpretations
- Legislative Decree Reforming VAT Deductions for Third Sector, Business Crisis, and Sports
