Legal provisions of COM(2020)124 - Authorisation of Italy to derogate from Article 285 of the VAT Directive

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dossier COM(2020)124 - Authorisation of Italy to derogate from Article 285 of the VAT Directive.
document COM(2020)124 EN
date May 11, 2020

Contents

Article 1

By way of derogation from Article 285 of Directive 2006/112/EC, Italy is authorised to exempt from VAT taxable persons whose annual turnover is no higher than EUR 65 000.

Italy may increase that threshold in order to maintain the value of the exemption in real terms.

Article 2

This Decision shall apply from 1 January 2020 until 31 December 2024.

Article 3

This Decision is addressed to the Italian Republic.