- Many taxpayers have chosen SumUp’s mobile POS, which is an Irish economic operator.
- There are issues with VAT on foreign invoices for POS transaction fees.
- Foreign POS fees should be exempt from VAT and reverse charge mechanism.
- However, the Italian Tax Agency requires Italian taxpayers to fulfill VAT obligations despite the service being VAT exempt.
- Electronic payments in commercial transactions are common and promote security and transparency.
- The latest policies encourage merchants, artisans, and professionals to have a mobile POS.
- Sanctions have been implemented for those who do not accept POS payments.
- The penalty includes a fixed fine of 30 euros plus a variable amount of 4% of the total rejected transaction.
Source: commercialistatelematico.com
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.
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