- Italy introduces cross-border VAT exemption regime for SMEs
- A new Provision by the Italian Revenue Agency harmonizes with EU’s cross-border SME scheme
- Aim is to reduce administrative burdens and support growth in cross-border trade within EU
- Criteria for small businesses outlined in the Provision
- Pre-requisites for businesses and notification submission include turnover below 100,000 EUR in EU
- Businesses can transmit notification via Revenue Agency’s web services from 1 January 2025
- EX identification number needed to start applying the exemption regime
Source: p2pnetwork.org
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.
