Italy targeted by the European Union for late payments to SMEs

Italy targeted by the European Union for late payments to SMEs
Italy targeted by the European Union for late payments to SMEs

By Alessio Pisanò

BRUSSELS – The European Commission has sent a letter of formal notice to Italy for not complying with the European Directive on late payments to small and medium-sized enterprises. This was reported by a press release of the organization today. The Directive obliges public authorities to pay invoices within 30 days of notification, extended to 60 days for hospitals. The Italian regulations on expenses for the judicial sector exclude from the Directive the expenses on the rental of equipment for wiretapping. According to the Commission, this would violate the Directive, as rental companies could not appeal for any late payments. Starting today, Italy will have two months to comply with the Directive, under penalty of sending a reasoned opinion. This would constitute, in the event of non-compliance, the antechamber to the infringement procedure at the Court of Justice.

Source

Italy targeted European Union late payments SMEs

PREV Physical exercise, WHO has no doubts: “It’s a drug”
NEXT crafty high-risk transactions