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Italy extends VAT split payments

  • EU VAT
  • 28 July 2017 | Richard Asquith

Italy extends VAT split payments

Italy has implemented the extension of its VAT split system regime.

The regime, which requires key parties to split the net and VAT payments to their suppliers, aims to prevent VAT fraud. The parties must pay the net consideration to their supplier, as normal, but must pay the VAT amount direct to the tax authorities.

The extension now means that impact businesses are:

  • Public bodies
  • Companies controlled by the state
  • Companies controlled by local government
  • Companies listed on the MIB stock exchange
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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.