Italy’s Department of Finance has released the updated lists of companies subject to the value-added tax (VAT) split-payment system in 2025. The lists will be updated throughout the year.
The revised lists include companies or entities controlled by government ministries, central administrations, local administrations, and national social security and welfare institutions. They also include companies listed on the FTSE MIB index of the Italian Stock Exchange.
In the split-payment system, goods and services to specific recipients are taxed at standard VAT rates, but payments are divided into taxable amounts and VAT.
The taxable amount goes to the supplier, while VAT is paid into a blocked bank account.
