GME informs market participants that, on 17 June 2026, the European Commission submitted to the Council of the EU a proposal (“COM(2026) 281 final”) for the extension of the transitional period of application of the “split payment” mechanism, for VAT taxable persons resident/established in Italy, starting from 1 July 2026 until 30 June 2029.
Pending the approval of the above proposal by the Council of the EU and taking into account the Press release No. 77 of 30 June 2026 by the Ministry of Economy and Finance, in order to preserve operational continuity and prevent abrupt changes in the VAT treatment of transactions carried out on GME’s markets and platforms within a limited timeframe, the “split payment” mechanism will continue to be applied even after 30 June 2026:
- for the supply of goods and services carried out by Italian Participants to GME, for which the latter is not liable for the payment of the tax;
- for the supply of goods and services carried out by GME to Italian Participants, for which they are not liable for the payment of the tax.