- On December 30, 2024, the Italian Revenue Agency implemented a new Provision for a cross-border VAT exemption regime, aligning with the EU’s cross-border SME scheme to ease administrative burdens and enhance cross-border trade for small businesses.
- Eligible businesses must have a total annual turnover below 100,000 EUR in the EU and must not exceed the national threshold of 85,000 EUR (or sectoral thresholds) in each Member State where they seek the VAT exemption.
- Starting January 1, 2025, businesses can submit notifications through the Revenue Agency’s web services to obtain an EX identification number, enabling them to apply for the VAT exemption regime.
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