- EU Council considering extending Italy’s mandatory e-invoicing authorization until December 31, 2025
- Aim is to reduce VAT fraud and improve tax compliance
- Italy’s e-invoicing system has increased VAT revenue and detected tax fraud since 2018 implementation
- Proposal to extend authorization until new EU-wide ViDA directive takes effect
- E-invoicing system has reduced tax fraud, increased VAT revenue, and eased administrative burdens for businesses
- Italy requested European Commission to continue enforcing mandatory e-invoicing in April 2024
- Proposal suggests extending derogation until December 31, 2025, or until ViDA directive is enacted
- Extending derogation would help maintain progress in VAT collection and fraud prevention
- Businesses benefit from streamlined invoicing process and real-time performance monitoring
Source: fiscal-requirements.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.
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