Regulatory Analysis

Posted February 8, 2024 by Robert Pelletier
Campione d’Italia: Local Consumption Tax (ILCCI) Rate Increase

Pursuant to the Ministerial Decree published in Official Gazette No. 30 on February 6, 2024, the local consumption tax rates for Campione d’Italia (imposta locale sul consumo di Campione d’Italia, ILCCI) are increasing in conjunction with Swiss VAT rate increases for January 1, 2024. The standard ILCCI rate increases to 8.1% (previously 7.7%), and the […]

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Posted January 5, 2024 by Robert Pelletier
Italy: Reduced VAT Rates on Feminine Hygiene Products and Childcare Products from January 1, 2024

Italy officially published the Budget Law for 2024 in the Official Gazette No. 303 of December 30, 2023. The VAT rates applied to supplies of feminine hygiene products and childcare products, such as baby diapers, will increase from 5% to the 10% reduced VAT rate from January 1, 2024. Law No. 213 containing these measures […]

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Posted April 11, 2023 by Carolina Silva
Italy: New API Management Platform

The Italian Tax Authority (Agenzia delle Entrate) will make available on the 15th May of 2023, a new platform for the provision of free services, via API, called API Management. This measure is part of an initiative to simplify administration and promote digital services, and it is aimed at an audience of users interested in […]

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Posted February 10, 2023 by Inês Carvalho
Italy: Pre-Filled VAT Returns for Certain Taxpayers

From the 10th of February 2023, the Italian Revenue Agency will make available a pre-filled annual VAT return concerning the tax year of 2022. The Italian Revenue Agency will use the data of domestic electronic invoices and cross-border reports communicated to the SDI to prepare the draft VAT returns. The returns will be available on […]

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Posted January 6, 2023 by Robert Pelletier
Italy: Reduced VAT Rates on Feminine Hygiene Products, Baby Products, and Face Masks from 1 January 2023

Pursuant to the 2023 Italian Budget through Senate Bill n. 442, effective 1 January 2023 the 5% reduced VAT applies to feminine hygiene and baby products. Baby products that will apply the 5% rate consist of baby diapers, child seats to be installed in motor vehicles, as well as powdered milk and food products for […]

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Posted November 28, 2022 by Christopher Branch
IVASS Management Fee

The Institute for Insurance Supervision (IVASS) in Italy has published the management charge rate for the year 2023. It set the rate for 2023 at 4.26%. The management charge reduces the taxable basis applied to the Road Accident Victims Fund (RAVF) and Hunting Accident Victims Fund (HAVF) and is published annually in November.

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Posted October 14, 2022 by Kelly Muniz
Italy: Compilation Guide for E-Invoicing has been Updated

The Italian Revenue Agency has now released version 1.8 of the Compilation Guide of the Electronic Invoice and Esterometer (Guida alla compilazione FE ed esterometro). The updates reflect the latest changes in the FatturaPA technical documentation, valid from 1 October 2022, of which the main point is the inclusion of the new Type of Document […]

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Posted September 15, 2022 by Kelly Muniz
Italy: Obligation to Preserve Accounting Books has been Withdrawn

The Italian government has eliminated the obligation to electronically preserve accounting books and ledgers, providing a certain degree of simplification to its archiving requirements. Until now, accounting books and ledgers must be preserved electronically, following the same preservation process as for e-invoices (conservazione sostitutiva), within three months following the deadline for submission of the relative […]

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Posted August 8, 2022 by Kelly Muniz
Italy: New FatturaPA B2G Technical Specifications and Schemas Released for 1 October 2022

The Italian Tax Agency, Agenzia delle Entrate, has published updates to its documentation regarding B2G electronic invoicing, which will enter into force on 1 October 2022. The update includes a change in the XSD schema of the ordinary invoice for the introduction of a new Type of Document TD28 for purchases from San Marino with […]

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Posted August 8, 2022 by Kelly Muniz
Italy: New FatturaPA B2B Technical Specifications and Schemas Released for 1 Oct 2022

The Italian Tax Agency, Agenzia delle Entrate, has published new technical documentation regarding B2B electronic invoices, which includes an updated version of Annex A – Technical Specifications (version 1.7.1) and of the tabular representation of the ordinary invoice and simplified invoice layouts, as well as the related XSD schemas. The new specifications introduce to the […]

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Posted July 12, 2022 by Kelly Muniz
Italy: Decree Introduces Threshold for Reporting of Cross-border Transactions

The Italian government recently published Law Decree n. 73, which introduces a threshold to the mandatory cross-border invoice reporting requirement that became effective on 1 July 2022. According to article 12 of the Decree, taxpayers covered by the cross-border reporting mandate, who are obliged to transmit data relating to the sales of goods and provisions […]

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Posted May 11, 2022 by Kelly Muniz
Italy: Electronic Invoicing Scope Officially Expanded

The Italian government has officially expanded its e-invoicing mandate, by means of the Law-Decree for the implementation of the National Recovery and Resilience Plan – PNRR-2 (Decreto-Legge de 30 aprile 2022, n. 36), published in the Official Gazette (Gazzetta Ufficiale) on 30 April 2022. Among the many measures brought forth by the Decree, article 18 […]

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Posted April 26, 2022 by Kelly Muniz
Italy Expands its E-invoicing Mandate

The Draft-law Decree PNRR 2, the National Recovery and Resilience Plan, approved by the Council of Ministers on 13 April 2022, is bringing a new group of taxpayers into the scope of the Italian e-invoicing obligation, starting 1 July 2022: ·       Taxpayers who adopt the flat-rate tax regime (regime forfettario) ·       Amateur sports associations and […]

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Posted December 17, 2021 by Gabriel Pezzato
Italy: FatturaPA for cross-border flows postponed

Previously due to replace the Esterometro in January 2022, the FatturaPA for cross-border flows has been postponed until July 2022. The Italian authorities have not published further details, therefore the status quo remains. In practice, this means that: – Esterometro must still be used for reporting outbound and inbound cross-border transactions until 30 June 2022; […]

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Posted December 3, 2021 by Gabriel Pezzato
Italy: FatturaPA for cross-border flows to be postponed

The FatturaPA was expected to replace the Esterometro in January 2022. However, a last-minute addition to the country’s 2022 budget law might postpone the requirement until July 2022. The legislative process is ongoing, which means that the postponement is possible, but not officially decided.

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Posted November 23, 2021 by Gabriel Pezzato
Italy: New technical specifications published

Italy has published a new Provvedimento containing updates in the technical specifications of the FatturaPA. The new technical specifications eliminate mentions to Esterometro, introduce new codes for the AltriDatiGestinali block, and include new validations. The Provvedimento also clarifies that reporting cross-border invoice data through a FatturaPA is optional if a bolletta doganale had been issued, […]

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Posted July 9, 2021 by Gabriel Pezzato
Italy and San Marino: Clearance and exchange of import and export invoices

Supplies between Italy and San Marino are accompanied by a set of customs obligations. After the introduction of the Italian e-invoicing mandate in 2019, Italy and San Marino started negotiations to expand the use of e-invoices in cross-border transactions between the two countries. Those negotiations are now complete and the details are available. More information […]

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Posted November 12, 2019 by Elliot Shulver
IVASS Sets Italian Management Charge for Year 2020

The Institute for Insurance Supervision (IVASS) in Italy has published the management charge rate for the year 2020. It set the rate for 2020 at 4.12%. The management charge reduces the taxable basis applied to the Road Accident Victims Fund (RAVF) and Hunting Accident Victims Fund (HAVF) and is published annually in November.

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