Effective January 1, 2021, Italy introduced new mandatory e-invoicing requirements for retailers. Certain technical processes under the e-invoicing rules concern new technical specifications for e-invoicing via the Sistema di Interscambio (SdI) and amendments to the “document type” and “nature” codes for the XML file.
On May 26, 2021, the governments of Italy and San Marino agreed to introduce in two phases e-invoicing for transactions between the two countries. The first phase will be voluntarily effective October 1, 2021. The second phase will require the mandatory issuance of e-invoices effective July 1, 2022.
The Italian tax authority plans to provide complete annual returns starting in 2023 based on e-invoicing data gathered during 2022.
Source eBusiness eXpert
Latest Posts in "Italy"
- Import Fee on Small-Value Goods Delayed Until June 2026 for System Upgrades
- New VAT Guidelines for Exchange Transactions Effective January 2026: Key Changes Explained
- VAT Declaration Error Does Not Invalidate Plafond: Non-Taxable Regime Still Applies
- 10% VAT Rate Confirmed for Waste Transport Services Regardless of Final Disposal Destination
- Italy Uncovers €500M VAT Carousel Fraud Involving 64 Suspects and International Shell Companies
