- The new EU VAT framework impacts Italian operators by making suppliers responsible for import VAT and promoting the Import One-Stop Shop.
- Foreign sellers must register with the IOSS or appoint a tax representative for sales to Italian consumers.
- The EUR 150 threshold for IOSS eligibility remains, with penalties for non-compliance.
- The Directive simplifies VAT declaration and payment, allowing VAT to be paid at the point of sale.
- The framework aligns with the Union Customs Code reform, focusing on distance sales and import VAT rules.
Source: vatabout.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.
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