Split payment: halted for listed companies – Goodbye to paper cash till receipts – VIDA reform – Credit licence: data display – Deductibility of professional clothing

Stop to the Split Payment procedure for Listed Companies

As of July 1^st, listed companies included in the FTSE MIB index of the Italian Stock Exchange, identified for VAT purposes, will be excluded from the scope of the split payment. In fact, Article 10 of the so-called ‘Fiscal Decree’ has deleted letter d) of Article 17-ter paragraph 1-bis of Presidential Decree 633/72, with respect to transactions for which an invoice is issued as of that date.

If the supplier erroneously applies the split payment mechanism to a transaction with a listed company, it is possible to regularise the situation by means of a credit note reversing the invoice and the subsequent issuance of the correct document.

Goodbye to paper cash till receipts

By means of a resolution approved last June 17^th in the Finance Commission, the introduction of a system for the generation and filing of the document in digital format was proposed – to be integrated into the e-cash till registers and other tools for sending receipts.
The initiative looks at solutions adopted in other countries (such as France) and intends to foster the process of dematerialisation of business documents.

The first to be affected would be large retail businesses for which it is proposed that the obligation would become effective on January 1^st 2027.
Secondly, other VAT entities would be affected, adopting a criterion based on the size of their turnover.

VIDA Reform

With the entry into force of the VIDA (i.e.“VAT in the Digital Age”) reform on April 14^th 2025, European countries can freely introduce mandatory e-invoicing. Countries like Germany have already initiated the obligation from January 2025, and many others, including Spain, Belgium, France and Poland, are moving towards mandatory adoption by 2026.

The digitisation of invoicing processes therefore becomes essential for companies managing cross-border flows, in order to simplify processes and align with new regulatory obligations.

Credit licence: data visualisation

Directorial Decree 43/2025 proposed by the National Labour Inspectorate has been published on the ministerial website, regulating the methods of access to the data contained in the credit licence for companies and self-employed workers in temporary or mobile construction sites. The measure aims to ensure transparency and correctness in the consultation of information, while protecting the personal data of those concerned.

Deductibility of professional clothing

With regard to clothing expenses, in some cases, the clothing purchased is characterised by a strict inherent character in the activity (such as robes for lawyers, gowns for doctors or stage clothes for dancers), so that the related cost should be fully deductible.

The question of the deductibility of clothing expenses from the income of artists and professionals has been debated for years and has also been the subject of some litigation in recent years.

The objections of the Offices are based on the normative assumption of Article 54 of the TUIR, according to which, for the purposes of determining self-employment income, the following is deductible amount of expenses incurred in the tax period ‘in the exercise of the activity’.

When a person exercising an art or profession buys clothes to be used in the course of their business, which may also be used for private purposes, it seems possible to deduct the relevant costs to the extent of 50 per cent, as provided for in Article 54-quinquies paragraph 3 of the TUIR for goods for mixed use.