Italy Is the first Clearance E-Invoicing Model in the EU for all VAT transactions

Italy: A European Pioneer in CTC e-invoicing

Seeking to close one of the most significant VAT gaps in Europe, Italy was the first country in the region to introduce a clearance e-invoicing model, in 2014. Since then, the government has steadily improved its Continuous Transaction Controls (CTC) system to increase revenue and further close the VAT gap.

Source Sovos


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