Italy: Implementation of VAT “quick fixes” directive
The goal of the VAT “quick fixes” is to simplify international trade.
The goal of the VAT “quick fixes” is to simplify international trade.
Legislative Decree no. 192/2021 (published in the official gazette on 30 November 2021) implements and transposes into Italian law the provisions of Directive (EU) 2018/1910—the value added tax (VAT) “quick fixes.”
The goal of the VAT “quick fixes” is to simplify international trade by providing:
- Simplified treatment for call-off stock
- Uniform rules to simplify chain transactions
- Mandatory VAT identification number to apply the exemption for intra-Community supplies
- Simplified proof for intra-Community supplies
Italy had not transposed the VAT “quick fixes” by the 31 December 2019 deadline, and with the legislative decree, Italy avoids being referred to the Court of Justice of the European Union for failing to comply with the directive’s transposition.
Read a December 2021 report [PDF 251 KB] prepared by the KPMG member firm in Italy
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