- The EU has approved Italy’s request to extend its special anti-VAT fraud rules for business-to-government supplies.
- Until June 30, 2029, Italy can continue using the split payment mechanism, sending VAT on public-sector supplies to a blocked tax authority account instead of the supplier.
- The measure applies to supplies of goods and services to public authorities, including companies controlled by central or local authorities.
- Italy may also continue requiring electronic invoices for business-to-government transactions.
- The extension is meant to combat significant VAT fraud detected since 2014.
Source: vitallaw.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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