
Article 1 
By way of derogation from Article 206 of Directive 2006/112/EC, Italy is authorised to provide that the VAT due on supplies of goods and services to the following entities has to be paid by the recipient to a separate and blocked bank account of the tax administration:

— public authorities,
— companies controlled by public authorities within the meaning of Article 2359 of the Italian Civil Code (Codice Civile),
— companies listed on the stock exchange that are included in the FTSE MIB index, the list of which will be published by Italy in the Italian Official Journal (Gazzetta Ufficiale) after 28 April 2017 and revised annually if necessary.
Article 2 
By way of derogation from Article 226 of Directive 2006/112/EC, Italy is authorised to require that invoices, issued in relation to supplies of goods and services to the entities listed under Article 1 include a special remark that VAT has to be paid to that separate and blocked bank account of the tax administration.
Article 3 
Italy shall notify the national measures referred to in Articles 1 and 2 to the Commission.
Within 15 months after the entry into force in Italy of the measures referred to in Articles 1 and 2, Italy shall submit a report to the Commission on the overall situation of VAT refunds to taxable persons affected by these measures and, in particular, on the average duration of the refund procedure and on the overall effectiveness of this measure in reducing VAT evasion in the sectors concerned.
Article 4 
Implementing Decision (EU) 2015/1401 is repealed as of 1 July 2017.
Article 5 
This Decision shall apply from 1 July 2017 to 30 June 2020.
Article 6 
This Decision is addressed to the Italian Republic.
Done at Luxembourg, 25 April 2017.
For the Council
The President
I. BORG