Italy Clarifies VAT Rules for Milestone Payments in Intra-Community Goods Supplies

• Milestone payments are considered advance payments for VAT purposes.
• Intra-Community supplies are recognized only when goods are ready to be shipped to another EU country.
• The 90-day period to provide proof of arrival in another member country starts when goods are ready for shipment.
• The clarification explains how milestone-based payments affect VAT rules for intra-Community supplies.

Source: globalvatcompliance.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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