- Release of Version 1.9: On January 31, 2025, the Italian Tax Authorities issued version 1.9 of the Technical Specifications for e-invoicing, introducing changes that will take effect on April 1, 2025, in response to recent legislative updates.
- New Codes and Regulatory Changes: Key updates include the introduction of the <TipoDocumento> code “TD29” for buyers to report omitted or irregular invoicing by suppliers, the new code “RF20” for a cross-border VAT exemption regime, and the elimination of the €400 threshold for simplified invoices under certain conditions.
- Communication Requirements: Buyers must report invoicing omissions or irregularities within ninety days of the invoice issuance date without paying VAT, using the SdI to send an .XML file with the new “TD29” code. However, there is still uncertainty regarding compliance procedures until the new guidelines take effect.
Source PwC
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