Italy has published Law Decree No. 124 of 26 October 2019 in the Official Gazette, which includes certain "urgent" VAT measures in relation to the 2020 Budget that generally come into force on 1 January 2020. This includes reduced thresholds and stricter penalties for VAT violations as follows:

• a reduction in the thresholds for imposing criminal penalties for VAT violations
  • filing a false ret…