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Italy raises simplified invoice threshold to €400 per transaction

Italy has increased the threshold for the issuance of simplified VAT invoices from €100 to €400 per transaction.  Simplified invoices may still only be used for domestic transactions.

Italian simplified invoices must include:

  • Unique VAT number
  • Date of the invoice
  • Vendor’s VAT number
  • Customer’s VAT number (B2B)
  • Name and addresses of vendor and customer
  • Description of goods / services
  • Price, including sufficient information to verify the VAT calculation

Source: Avalara

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