Regulatory Analysis

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 […]

Read More
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 […]

Read More
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 […]

Read More
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 […]

Read More
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 […]

Read More
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; […]

Read More
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.

Read More
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, […]

Read More
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 […]

Read More
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.

Read More
Posted November 7, 2019 by Kelsey O'Gorman
Italy to Introduce Pre-Completed VAT Returns by July 2020

From July 1, 2020, on an experimental basis, Italian taxpayers (i.e. businesses resident and established in Italy) may submit pre-completed VAT returns. Specifically, Article 16 of recently enacted Decree n. 124/2019 provides that data gleaned from transactional information supplied from electronic invoices via SDI, cross-border transactions, as well as data collected on fees electronically will […]

Read More
Posted January 6, 2019 by Sovos
Tax Alert: Italy – New Changes to IPT Prepayment Approved by Italian Parliament

The 2019 Budget Act was approved by the Italian Parliament on 30 December 2018. As anticipated, the approved budget includes an increase in the IPT prepayment rates. The approved rates are as follows: 85% in November 2019 for tax year 2020 90% in November 2020 for tax year 2021 100% in November 2021 for tax […]

Read More
Posted September 4, 2018 by Sovos
VAT & B2G Reporting Newsletter: August 2018

Country-by-Country News The Final Countdown to Mandatory eInvoicing in Italy September 1 marked the second milestone of the entry into force of the Italian eInvoicing mandate – this time targeting certain B2C goods purchased by non-EU citizens over a certain amount. But crucially, it also marked the three month, or 122 day, countdown to the […]

Read More