The 2023 Budget law provides for the increase to 85,000 euros of the revenue volume threshold for access to the flat-rate scheme. The exclusion from VAT is confirmed, although the derogation from the EU Council, granted to Italy until 31 December 2024, only includes subjects with an annual turnover not exceeding 65,000 euros. To this end, Italy has asked the EU to bring forward to 2023 the entry into force of EU directive no. 2020/285: the directive already provides for the possibility for Member States to exclude VAT for subjects with a turnover of less than 85,000 euros, but only from 2025.
Source: IPSOA
