New regime VAT payment (cash) available for professional developers
The new VAT regime for cash will soon be in place. Even before sending to the Official Journal, the Department of Finance issued a decree giving effect to the provisions for the settlement of VAT according to the mode "cash", contained in the Development Decree (Decree 83/2012, Art. 32a ).
With the new regime in cash, from 1 December, the possibility for the issuer of the invoice, to pay VAT only to pay the fee and will be expanded to a greater number of taxpayers. Will benefit businesses and professionals with a turnover of up to € 2 million. In addition to raising this threshold (in the current regime defined by art. 7 of Decree 185/2008, amounted to EUR 200 thousand), the novelty is that once exercised the option to join the scheme will be applied to all invoices issued and received, plus the buyer or the buyer will deduct VAT without waiting for the payment of the consideration.