Highlights
- Entry of invoices to and from abroad in the Exchange System and abolishment Esterometro has been postponed till July 2022
- European Commission authorizes Italy to apply mandatory B2B E-Invoicing till end of 2024
- Reduction in the VAT rate for the supply of methane gas
- Official implementation of the Quick Fixes applicable as of Dec 1, 2021
- July 2022: Italy – Mandatory E-invoicing with San Marino for the supply of goods
E-Invoicing
- Council Implementing Decision allowing Italy to apply mandatory B2B E-Invoicing till Dec 2024 published
- European Commission authorizes Italy to apply mandatory B2B E-Invoicing till end of 2024
- Italian e-invoicing regulation overview
- New rules for e-invoicing, effective Jan. 1, 2022
- E-invoices in Italy: further extension of the application deadline to 31 December
- E-invoicing Updates in Italy
- New VAT compliance rules, e-invoicing extended to cross-border transactions effective January 2022
(Real Time) Reporting
- New E-Reporting rules coming into force – FatturaPA for cross-border invoice to be delayed to July 2022
- EU OKs Italy’s Plans to Continue Value-Added Tax E-Invoicing
- Italy SdI cross-border reporting & Esterometro withdrawal delay to July 2022
- Entry of invoices to and from abroad in the Exchange System and abolishment Esterometro has been postponed till July 2022
- Real-time reporting models compared (Brazil, Hungary, Italy)
- New obligation to submit cross-border e-invoice data applies as from 1 January 2022
- New reporting requirements for cross-border transactions from 1.1.2022
- Italy replaces Esterometro with SdI from 2022
- Italy VAT electronic cash register reporting changes from 2022
- Pre-filled VAT registers, validation by 31 October 2021: optional or mandatory?
- The system of pre-completion of VAT returns through electronic transactions is implemented – What changes from 1.1.2022 in electronic invoicing
Quick Fixes
- Implementation of VAT “quick fixes” directive
- Official implementation of the Quick Fixes applicable as of Dec 1, 2021
Taxable transactions
- VAT treatment of the “Sale and sale back” – Court of Cassation
- Treatment applicable to the contracting out of a variety of services services performed as part of a library
- Answer 759: VAT to services related to devices implanted in the human body
- Answer 760: VAT to services rendered to subjects carrying out the activity of collecting bets
- VAT treatment of educational and didactic services provided by non-residents
- VAT guidance re renovation of an existing and power plant producing electricity and heat
- Guidance re public-private partnership for the leasing of public works
E-Commerce
- Deadline to adhere to online service for electronic invoices extended till Dec 31, 2021
- Clarifications from the Italian tax authorities on some aspects of the special scheme “One Stop Shop” (OSS)
- OSS VAT regime & frequent exporters
Rate
- VAT cuts to help with electricity bill during fuel crisis
- Circular on the temporary reduction of the VAT rate on qualifying supplies of natural gas
- Reduction in the VAT rate for the supply of methane gas
- Italy Converts Temporary Super-Reduced VAT Rate for Natural Gas Supplies into Law
- VAT rate for construction of reception centers for migrants
- Budget 2022: VAT rate on feminine hygiene products is reduced from 22% to 10%
- VAT rate for bakery products – “bases for pincers”
- Italy Provides Temporary Super-Reduced VAT Rate for Natural Gas Supplies
- Temporary Super-Reduced VAT Rate (5%) for Natural Gas Supplies till Dec 31, 2021
Refund
- Refund of VAT and invoice issued by mistake or with errors, the same VAT taxable person can not issue a credit note.
- Refund of VAT and invoice issued by mistake or with errors
Taxable persons – VAT grouping
- Tax authority issues ruling, recognizing UK VAT groups after Brexit
- VAT treatment of post-Brexit transactions between an Italian branch and a parent company belonging to an English VAT Group
- Answer 757: VAT Group – Delineation of the subjective perimeter – Starting date for the inclusion of newly established companies in the VAT Group
- VAT treatment of post-Brexit transactions between an Italian branch and a parent company belonging to a UK VAT Group
Right to deduct VAT
Liability to pay VAT – Split payment
Environmental Tax – Plastic Tax
- Importance of environmental taxes – Plastic Packaging Tax
- Council of Ministers approves the postponement of the plastic and the sugar tax are postponed to 2023
Registration
Fraud/VAT Gap
Other
- Registration of means of transport in Italy
- Payment of VAT for the registration of non-EU cars
- Management of public housing assets – Mandate without representation without representation – Liability – Right to deduct – Split payment payment
- Five European nations, US agree transitional approach to DSTs as regards Pillar One
- Invoices issued by the beneficiaries of a deceased natural person
- VAT Talks – Rufino de la Rosa
Also in the series of ”5 major VAT Developments in … ”
