Monday 24th August, 2015

On August 18, the Italian Government published legislation that contains measures to boost the use of e-invoicing.

By 1st July, 2016, the Italian Revenue Agency is to provide a system, which will process e-invoices for VAT registered businesses at no charge.

Subsequently, by 1st January, 2017, the Ministry of the Economy will allow businesses using e-invoices access to its data exchange system.

The Revenue Agency will also provide online assistance to businesses that choose to move to e-invoicing, including the provision of information to make their VAT payments and annual declarations.

In addition, small businesses will be able to choose to send their daily purchase and sale invoice details online to the Revenue Agency.

By using the system businesses will avoid the annual filing of VAT declarations, the reporting of VAT transactions exceeding EUR3,000.