- The Council of Ministers approved a legislative decree to implement EU Directive No. 2020/285 regarding the special regime for small businesses and EU Directive No. 2022/542 regarding VAT rates.
- The decree regulates the cross-border VAT exemption regime for small businesses operating in Italy but based in another EU country, as well as for small businesses based in Italy operating in other EU countries.
- The regime does not apply to the sale of transport vehicles and is applicable to businesses with an annual turnover not exceeding 100,000 euros within the EU.
- Changes are made to the VAT regime regarding the territoriality of the tax for events streamed or made available virtually, with activities considered to take place in Italy if the non-taxable customer is domiciled or resident in Italy.
- Similarly, for virtual cultural, artistic, sports, scientific events, the service is considered to be provided in Italy if the taxable customer is established there.
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.
