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The services supplied by GME SpA shall mean supply of services and the chargeability of VAT on the related fees shall depend on the place where the customer (Participant) has established his/her/its business, as per article 44 of Directive 2006/112/EC.
Therefore, GME will issue an invoice with VAT at the standard rate, if the customer has established his/her/its business in Italy and without VAT, if the customer qualifies as “esportatore abituale” (Italian exporter on a permanent basis) under article 8, para. 1, lett. c) of the Decree of the President of the Italian Republic No. 633/72.
Conversely, GME will issue an invoice without VAT to EU customers who/which are taxable persons in their own countries. In this case, the reverse charge mechanism will be applied by the customer.
GME shall issue an invoice without VAT to non-EU customers who/which are taxable persons in their own countries.
Participants established in Italy who/which are subject to the split payment system are required to submit to GME an appropriate self-certification, issued in compliance with art. 17ter of Decree of the President of the Italian Republic No. 633/1972.
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GME's VAT codes
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V1 = supply subject to VAT at the standard rate
V3 = supply to the so-called “esportatori abituali” (Italian exporters on a permanent basis) not subject to VAT as per art. 8, (DPR) 633/72
VE = supply to PA subject to VAT at the standard rate - Split payment
VX = supply to non-PA subject to VAT at the standard rate – Split payment
V8 = supply not subject to VAT as per art. 7ter, DPR 633/72 - art. 44, Directive 2006/112/EC – EU reverse charge
VC = supply not subject to VAT as per art. 7ter, DPR 633/72 - art. 44, Directive 2006/112/EC – non-EU reverse charge
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