In view of the implementation of the tax reform, which envisages a comprehensive review of the system, the Ministry of Economy and Finance announces that the green light is forthcoming from the EU bodies for the renewal of the authorization to apply the split-payment (split payments) of VAT, expiring on 30 June 2023.
The mechanism - already authorized by EU Council implementing decision 2017/784 and subsequently amended by EU Council implementing decision 2020/1105 - applies to transactions carried out with public administrations as well as economic public entities and foundations, companies controlled or participated by public administrations or by institutions and foundations and in respect of listed companies included in the FTSE MIB index of the Italian stock exchange.
With permission it split-payment it will therefore continue to apply without interruption and, at least in the first phase, towards the same subjects affected by the measure today.