- The Italian Tax Authorities have implemented measures to provide taxpayers with information on monthly electronic payments received and the total amount of electronic invoices and consideration.
- If there is a discrepancy between these two amounts, the authorities will communicate with the taxpayers.
- This is part of the authorities’ efforts to encourage compliance and voluntary declaration of taxable bases.
- Taxpayers can report any unknown elements or proceed with voluntary disclosure upon receiving these communications.
- Monitoring electronic invoices and consideration is becoming increasingly important.
Source PwC
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