- The new VAT taxable base rules for barter transactions will only apply to contracts signed or renewed from January 1, 2026.
- Existing contracts signed before December 31, 2025, will continue to follow the previous rules based on the normal value of exchanged goods and services.
- Actions taken between January 1, 2026, and March 28, 2026, under the new rules remain valid, with no need for corrections or refunds.
- The change aligns Italian law with EU principles and addresses concerns about immediate application to existing contracts, especially in light of the 2026 Winter Olympics.
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.
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