Italy's Senate receives VAT code draft covering gambling exemptions and records
Italy’s Senate received a draft legislative decree consolidating value-added tax provisions, including exemptions for specified lottery, gaming and betting operations. The text also sets out electronic-invoice retention rules and provides for a Customs and Monopolies Agency measure on keeping receipts for authorised public games; the draft does not state an adoption date.
The draft could affect tax treatment and record-keeping requirements for gambling operators in Italy.