TAXATION
GME's fees are qualified as general services and their VAT chargeability depends on the place where the customer has established his/her/its business.
Therefore, GME shall issue an invoice with VAT at the standard rate, if the customer has established his/her/its business in Italy. If the customer declares a status of "esportatore abituale" by submitting a Statement (the so-called "dichiarazione d’intento"), GME shall issue an invoice without VAT.
GME, on the other hand, issues an invoice without VAT when the customer is a taxable EU Participant in its own Country. In this case, the Participant will apply the reverse charge mechanism.
In case of a non-EU Participant, GME issues an invoice without VAT.
Participants based in Italy subject to the VAT payment system called "split payment" are required to submit to GME a specific self-certification certifying its status pursuant to Article 47 of the Decree of the President of the Italian Republic n. 445 of 28/12/00.
An example of a declaration for the status of Participant subject to split payment can be found here.
The list and description of the VAT codes used by GME for invoicing payoffs and fees are available here.