The European Commission proposed on Tuesday 31 March to authorise Italy to continue to apply a tax derogation allowing it to grant an exemption from VAT to taxable persons with an annual turnover not exceeding €65,000, until 31 December 2024.
In its proposal for a Council implementing decision, the Commission explains that Italy has benefited from this measure derogating from the VAT Directive since 2007. "This request was motivated by Italy's economic structure, which is largely made up...