Italy: Obligation to Preserve Accounting Books has been Withdrawn

Kelly Muniz
September 15, 2022

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 annual VAT declaration.

Going forward, however, according to the recently published simplifying Law Decree no. 73/2022 converted into Law no. 122/2022, it becomes sufficient to keep accounting books and ledgers up to date in the taxpayer’s computer systems and to print them, upon request by the authorities.

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Kelly Muniz

Kelly Muniz is a Junior Regulatory Counsel at Sovos. Based in Stockholm and originally from Brazil, Kelly earned a Bachelor’s degree in Law in her home country, where she worked as a licensed lawyer. She also holds a Master’s degree in EU Business Law from Lund University in Sweden.
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