gave PMI Italian will be able to benefit from the priority system. VAT Exemption Within the business limits of 85 thousand euros. So Italy approved. EU Directive 2020/85 which provides that small and medium-sized businesses across the Old Continent can boast preferential treatment from tax authorities. The Deputy Minister of Economy and Finance reported the step taken by the Italian government. Maurizio Leo Who also did not fail to point out that our country, as required by the European Directive, will adopt a beneficial cross-border system for the application of VAT to SMEs.
VAT exemption for SMEs
The Council of Ministers, chaired by Georgia Maloney, approved “Directive” (EU) 2020/285 Exemption from VAT For them Small business (in Italy, the flat rate system) which definitely sets the maximum turnover limit for all European countries at 85 thousand Euros”, Vice Minister Liu wrote in a note.
“The same directive – described by the Deputy Minister of Economy and Finance – explains. Cross-border governance which allows small businesses up to a turnover of 100 thousand euros not to apply VAT as long as they operate within the EU”. A very important step for those who do business in our country or across the borders of the EU. Interested in, Liu emphasized that this is an operation aimed at “improving the Competition Along with our small businesses, making them “more capable Working in a European contextGuaranteeing them new opportunities for growth.”
Taxes in the service of citizens
For Deputy Minister Liu, exemption from VAT Small and medium enterprises Maloney represents another step forward by the government. Tax Really Citizen service“
“Today – explained the Deputy Minister of the MEF – the Council of Ministers definitively approved the first three consensus texts: tax justice, marginal state taxes and administrative and criminal tax sanctions. These measures represent a fundamental step towards a More explanation The Italian tax system makes it easy for citizens and businesses to understand and comply with the rules. Each text that we approve – he added – reduces to shred standard And makes taxpayers’ lives easier.”
“Two years after the birth of this executive – Liu concluded – we have achieved great goals: 13 legislative decrees that Tax reform In which these three unique texts are added. Additionally, two other delegated decrees regarding direct taxes and excise duties are under consideration by Parliament, and another comprehensive text on collection”.
A two-year prevention agreement for SMEs
To reduce the tax burden of VAT numbers And of small Average businessthe Italian Government has provided with an Omnibus Decree that these subjects may enjoy. Forgiveness Tax Adhering to biennial compounding with borrowers for years between 2018 and 2023.
This tool allows you to pay taxes for up to two years based on a proposal prepared by the revenue agency that is consistent with the data in the database available to the fiscal administration and the income declared by the taxpayer. The beneficiaries of treatment are those who apply. Jesus (Synthetic Reliability Index) and those who have joined. Government Flat rate.
