- Proposal for Extension: The EU is considering extending Italy’s mandatory e-Invoicing to combat tax fraud and streamline compliance, enhancing the effectiveness of its VAT system.
- Impact Since 2018: Italy’s e-Invoicing, implemented via the Sistema di Interscambio (SdI), has significantly increased VAT revenue and fraud detection, reducing administrative burdens for businesses.
- Revenue and Fraud Reduction: Between 2019 and 2022, VAT revenue rose by €1.7 to €2 billion, and fraud detection increased from €1 billion to €9 billion, highlighting the system’s success.
- Request for Extension: Italy seeks to extend the e-Invoicing mandate until December 2025 or until the EU’s ViDA proposal, aiming for an EU-wide digital VAT system, is enacted.
- EU Alignment and Benefits: Extending the mandate supports EU goals to modernize tax systems and maintain progress in VAT collection and fraud prevention, benefiting businesses with reduced administrative work.
Source RTCsuite
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See also
- E-Invoicing/Real Time Reporting – What can you find on VATupdate.com
- Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological
- Collection of E-Invoicing Guides – Worldwide – VATupdate
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
