The European Council agreed to Italy’s proposal on the authorization regarding the Italian VAT treatment for business vehicles and personal use. Decision No. COM (2022) 519 amends Decision 2007/441/EC applicable to measures derogating from Articles 26(1)(a) and 168 of Directive 2006/112/EC on the common system of Value Added Tax.
Council Decision No. COM (2022) 519 authorizes:
To assess the authorization’s effectiveness and the suitability of the percentage restriction applied to the right to deduct VAT, the mandate will be in effect until 31 December 2025.