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Italy Publishes Updated Lists of Companies Subject to VAT Split-Payment for 2019

|Approved Changes|Italy
Italy

Italy's Department of Finance has published updated lists of companies subject to the value added tax (VAT) split-payment system for 2019, including companies controlled by government ministries and by central and local public bodies and companies listed on the FTSE MIB index of the Italian Stock Exchange. Under the split-payment system, supplies of goods and services to specified recipients are subject to VAT at normal rates, but the payment is split, with the taxable amount paid to the sup…

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