National and EU VAT regulations to be coordinated: Draft of Unified VAT Law available for consultation.

• The Italian Revenue Agency has prepared a draft of the Unified VAT Code, available for public consultation until May 13, 2024
• The final Unified VAT Code must be approved by August 29, 2024
• The code will need further revisions, including changes related to the transition from VAT exclusion to exemption for certain operations by non-commercial associative entities
• New EU provisions on VAT rates will also be implemented from January 1, 2025.

Source: ipsoa.it

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.