- Transition from forfetario to ordinary VAT regime must be reported in the VAT declaration.
- No declaration required for those who switched to ordinary regime from 2025.
- Possible VAT adjustment for purchases during forfetario regime in 2025 declaration.
- Simplified accounting applies if forfetario requirements were not met in 2024.
- Ordinary accounting requires conclusive behavior and communication in the VAT declaration.
- Exiting forfetario mid-year 2024 requires VAT declaration and LIPE submission.
- Option to switch to ordinary regime from 2025 requires conclusive behavior and declaration.
- Option valid for three years and can be renewed annually until revoked.
Source: eutekne.info
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.
