The European Commission (EC) released a memorandum explaining Italy’s recent request for a derogation from Article 285 of the VAT Directive. Now that the request has been approved, all businesses with thresholds lower than EUR 85 000 are retroactively exempt from VAT obligations from 1 January 2023 until 31 December 2024.   Consequently, this measurement has an implication on related matters, such as exempting businesses from using SDI. According to previous data, this derogation will impact more than 63 000 enterprises, specifically the smaller ones.   Although the EUR 85 000 threshold has been the highest requested and approved in the...