EU extends Italy split payment scheme to 2029 and updates market abuse regulations

split payment VAT EU Council decision Market Abuse Regulation trading data

The European Council adopted Decision 1728/2026 on 10 July 2026, confirming the extension of Italy’s split‑payment VAT mechanism until 30 June 2029. The measure, introduced in 2015, requires public administrations to remit VAT directly to the tax authority while paying only the net amount to suppliers. The Council also set conditions for Italy to strengthen anti‑fraud tools, report on VAT refund impacts by September 2027, and consider further measures to curb evasion.

Separately, the EU published Delegated Regulation 2026/788 on 16 July 2026, amending the Market Abuse Regulation (MAR). The amendment clarifies rules for trading during market‑close periods, expands the list of trans‑border trading venues, and refines manipulation indicators. It also mandates that competent authorities provide timely trading‑data feeds for equities by 5 June 2026 and extend the requirement to bonds and futures by 5 June 2028.

Both actions aim to improve fiscal compliance and market transparency across the Union.

Sources

Split Payment – Decisione Consiglio UE: confermata la proroga del meccanismo fino al 30 giugno 2029 – ANCE Catania [www.ancecatania.it]

10 days ago

MAR: periodi di chiusura e indicatori di manipolazione del mercato - DB [www.dirittobancario.it]

11 days ago