Law no. 96/2017 has introduced various updates concerning the so-called split payment, particularly specifying its implementing procedures.

However, there are still some operating uncertainties implying an effort by those being subject to the procedure. The extension of the subjects concerned by the split payment procedure is not easy to implement and, in compliance with European requirements, the Law has also introduced some updates to speed up the obtainment of VAT refunds for all Public Administration entities and state-owned companies.

For more information, contact Mario Spera.

Split payment