A Council Implementing Decision authorizing Italy to continue the application of its VAT split-payment system was approved without discussion during the Economic and Financial Affairs (ECOFIN) Council meeting on 10 July 2026. Under the split-payment system, supplies of goods and services to specified recipients are subject to VAT at normal rates, but the payment is split, with the taxable amount paid to the supplier and the VAT due paid directly to a blocked VAT bank account. The decision, …