- The Italian Revenue Agency provided operational clarifications on the effective date of a law change regarding waste disposal and incineration.
- The law excludes landfill and incineration without efficient energy recovery from the 10 percent VAT rate.
- The effective date of this change is based on the timing of service performance.
- Services are subject to the standard VAT rate if payment is made or an invoice is issued from January 1, 2025, onwards.
- Invoices issued by December 31, 2024, with the 10 percent VAT rate remain valid.
- Payments made by December 31, 2024, are subject to the reduced VAT rate even if the invoice is issued after January 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.
