This article from International Tax Review reporters Joe Stanley-Smith and Alexander Hartley looks at Italy's new e-invoicing regime, which came into effect on January 1. Companies expected teething trouble, but the early signs are positive and the changes should lead to long-term benefits.
Sovos Alliances Sales Manager Filippa Jornstedt tells International Tax Review, "I don’t think there’s any going back from a clearance introduction. The tax authority gets so much crucial data; they get a complete understanding of the size of the economy. There’s no going back."
[Read the article here.]