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Italy approves Regulation on the implementation of the EU scheme for small businesses

Italy approves Regulation on the implementation of the EU scheme for small businesses

The document states that a taxable person established in another EU Member State is entitled to VAT exemption in Italy if its annual turnover in Italy does not exceed EUR 85,000, and its annual turnover in the EU does not exceed EUR 100,000.

Small businesses established in Italy can also request VAT exemption in other EU Member States if their annual turnover in the EU does not exceed EUR 100,000, and their annual turnover in another EU Member State does not exceed the turnover threshold set in that other state.

These rules will come into force on 1 January 2025.

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