OrbitaxItaly Clarifies Effective Date of Exclusion of Listed Companies from VAT Split-Payment System
|Approved Changes|Italy
As previously reported, Decree-Law No. 84 of 17 June 2025 removed the VAT split-payment system requirement for companies listed on the FTSE MIB index of the Italian Stock Exchange with effect from 1 July 2025. Under the split-payment system, supplies of goods and services to specified recipients are subject to VAT at normal rates, but the payment is split, with the taxable amount paid to the s…
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