As of 1 January 2022, new Italian value-added tax (VAT) rules will apply regarding:
- Electronic invoicing (e-invoicing) for cross-border transactions
- Pre-populated VAT ledgers and VAT returns
The scope of e-invoicing is to be extended for cross-border transactions. In addition, the Italian Revenue Agency (IRA) has started using the relevant data to draft VAT ledgers and VAT returns, which will be made available to taxpayers for their validation or integration.
Source EY
