No Extension for Italian e-Invoicing!

The Minister says ”No extension for Italy”

Latest Current Regulations

Italy: Fiscal Decree No:119
Some of the most important changes within the decree about the upcoming e-invoicing in Italy are described below.

Invoicing simplifications

Reduced Penalty regime for mandatory e-invoices
For the first half of 2019, for both suppliers and customers, the penalties will be reduced as follows:
– No penalties will apply if a compliant e-invoice is issued within the deadline for the VAT settlement of the relevant month.
– Penalties will be reduced by 80% if a compliant e-invoice is issued within the deadline for the VAT settlement of the following period.

Invoicing Deadlines and registration of the invoices

The Decree makes two amendments about the invicing deadlines from 1 July 2019.

– Immediate invoices will have to be issued within 10 days of the tax point (currently immediate invoices must be issued by midnight of the day on which tax point is triggered). However these invoices must be registered in the related period of the transaction.
– If the invoice is not issued on the tax point date, it should include a reference to the tax point
According to the new rules sales invoices should be recorded in the outbound VAT ledger by the 15th of the following month (currently this is 15 days after being issued)

Recording of the inbound invoices in the input VAT ledger and VAT recovery time

– Sequential numbering of the purchase invoices will no longer be required
– VAT Protocol number will also be no more required, as SDI will assign a unique ID to the invoices.
– VAT payers can deduct VAT for the invoices which they receive and register till the 15th of the following month (within the same year)

Who are in scope

According to the new wording the mandatory e-invoice will apply to transactions between parties that are resident or established in Italy.

‘’We are here to help’’

Foriba FatturaPA SAP Cockpit

SAP add-on for B2B e-Invoicing in Italy

Have Questions?

** Click for more details on the Foriba’s FatturaPA SAP Cockpit.

Shares Share

200-125   300-075   210-260   210-060   300-115   100-105   300-101   400-101   300-320   300-070   300-206   200-310   300-135   300-208   810-403   400-050   640-916   642-997   300-209   400-201   200-355   352-001