- Italy has successfully reduced its tax gap through the implementation of e-invoicing mandates.
- E-invoicing mandates are believed to have a direct correlation with reducing the VAT gap.
- Italy had pledged to reduce tax evasion by up to 15.8% and data from Istat confirms that their initiatives are working.
- Italy’s success in reducing the VAT gap has allowed them to access EU Covid recovery funding.
- The e-invoicing and e-reporting mandate in Italy is seen as an effective mechanism to reduce the VAT gap.
Source: tungstenautomation.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
