- As of January 2022, the Italian e-invoicing regulation will be extended to cover all B2B invoices, including cross-border transactions.
- The start date of the new electronic invoicing requirements has been postponed to July 1, 2022. Any entity established in Italy is required to submit their invoices to the SdI, and even a single quarterly invoice subjects the issuer to this scheme.
- The Italian tax authorities offer a free tax portal for submitting XML files, but third-party solutions may be more suitable for larger multinational companies.
- Based on the data collected through e-invoicing, the Italian government will make available VAT ledgers, quarterly VAT communications, and draft annual VAT return to taxpayers.
- The Esterometro requirement for transactions with foreign companies will be abolished as of January 2022, and cross-border transactions must be recorded by the SdI system.
- Foreign ‘e-invoices’ must be submitted within specific time frames for sales and purchase invoices.
Source Pincvision
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