- Proposal for Extension: The EU is considering extending Italy’s mandatory e-Invoicing to combat tax fraud and streamline compliance, enhancing the effectiveness of its VAT system.
- Impact Since 2018: Italy’s e-Invoicing, implemented via the Sistema di Interscambio (SdI), has significantly increased VAT revenue and fraud detection, reducing administrative burdens for businesses.
- Revenue and Fraud Reduction: Between 2019 and 2022, VAT revenue rose by €1.7 to €2 billion, and fraud detection increased from €1 billion to €9 billion, highlighting the system’s success.
- Request for Extension: Italy seeks to extend the e-Invoicing mandate until December 2025 or until the EU’s ViDA proposal, aiming for an EU-wide digital VAT system, is enacted.
- EU Alignment and Benefits: Extending the mandate supports EU goals to modernize tax systems and maintain progress in VAT collection and fraud prevention, benefiting businesses with reduced administrative work.
Source RTCsuite
Click on the logo to visit the website
See also
- E-Invoicing/Real Time Reporting – What can you find on VATupdate.com
- Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological
- Collection of E-Invoicing Guides – Worldwide – VATupdate
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
Latest Posts in "Italy"
- VAT Exemption for Language Courses: Recognition by Public Authority Through “Resto al Sud” Funding
- Short-Term Rentals: When Is a VAT Number Required for Landlords?
- VAT Refund Also Granted to Inactive Companies, Rules Court: Italian Models Not Updated Yet
- EPPO Seizes 2.2 Million Meters of Smuggled Chinese Fabric in Italian Customs Fraud Probe
- New AI based VAT Settlement Procedure in Italy’s 2026 Budget Law
