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Proposal for Council Implementing Decision Published Authorizing Italy to Extend and Increase VAT Exemption Threshold

|Proposed Changes|Italy-European Union
Italy-European Union

A proposal for a Council Implementing Decision to authorize Italy's continued derogation from Article 285 of the VAT Directive (2006/112/EC) regarding its VAT exemption threshold for small businesses was published on 31 March 2020. The decision would authorize Italy to continue to exempt from VAT taxable persons whose annual turnover is no higher than EUR 65,000 and to increase that threshold …

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