- The split payment mechanism for listed companies has been abolished, causing interpretative and application doubts.
- A safeguard clause protects those who made errors in good faith.
- Key issue is determining the effective date of the abolition: the date of service or the invoice date.
- The fiscal legislator shows tolerance for errors post-abolition for services to listed companies.
- The abolition applies to services from July 1, 2025.
- The mechanism was abolished by D.L. n. 84/2025, specifically removing a section of the law.
Source: commercialistatelematico.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"
- Italian Supreme Court Clarifies Double Time Limit for Sanctions in Reverse Charge VAT Cases
- Italian Revenue Agency Clarifies VAT Reverse Charge Eligibility for Gold Materials as Finished Products
- Italian Revenue Agency Clarifies Input VAT Deductions for Liquidation-Related Services in Letter No. 251/2025
- Italian Company in Voluntary Liquidation Can Deduct VAT on Purchases Despite Exempt Activities
- Italy’s Law 207/2024 Grants Tax Benefits for Asset Transfers to Shareholders
