The Italian Parliament has finally approved a new legislation focused on enhancing the Italian economy (so called “Growth Decree”, Law n. 58, June 28, 2019). The initial draft legislation (Law Decree n. 34/2019) was expanded and amended during the conversion period and entered into force last June 30 (following the publication on the Official Gazette n. 151 of June 29, 2019).
From an indirect tax perspective, it includes measures as:
- Online Marketplace – VAT liability of platforms
- Extension of the mandatory e-invoicing regime
- Extended timing for invoicing issuance
- Simplification for the filing of the Q4 quarterly VAT communication
- Transfer of the VAT credit
- Simplifications of the frequent exporter regime and declaration (so called “dichiarazione di intento”)
- Stamp duty on e-invoices
Source Bird & Bird
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