Italy expects to submit a report to the European Commission addressing effectiveness of the split payments regime.
On 25 July 2023, the European Commission granted Italy a derogation until 30 June 2026. The derogation applies to Articles 206 and 226 of the VAT Directive with EU 2023/1552 on the special measure of the common system of value-added tax.
The extension of the special measures for the split payment regime was granted with one exception, to honor Italy’s commi…