Electronic storage and telematics transmission of the sales data

Sales Data: Electronic Storage & Telematics Transmission

Corrispettivi Telematici

It comes into force the obligation to memorize and transmit electronically the certification of sales for subjects with a turnover of more than 400,000 euros from 1st of July, 2019.

Also, from 1st of January, 2020, for all the others, with the possibility of a gradual start according to the type of activity carried out and the level of web connectivity of the territorial area in which it operates: with art.

17 of Decree-Law no. 119/2018 (so-called Decreto fiscale), the previous optional regime provided for by Legislative Decree no. 127/2015, which in any case remains in force, for the tax period 2019, for taxpayers who have exercised the option by 31 December 2018, is exceeded.

The transmission of the consideration data, in addition to eliminating the obligation to keep the relevant register pursuant to Article 24 of Presidential Decree no. 633/1972, completes and simplifies the tax certification process, which began on 1 January 2019 with the generalized obligation of electronic invoicing.

The transmission of the “corrispettivi telematici” can be carried out using the Telematic Registrars – RT, or ST – Telematic Servers, whose models have been approved by the Revenue Agency.

The RT are prepared to certify the sales proceeds by issuing the so-called commercial documents, or by issuing electronic invoice, even simplified, by signing at the end of the day digitally with electronic seal of the Revenue Agency the data flow in order to transmit it to the Revenue on a daily basis and in an automated manner.

The operating rules are those laid down by the Director’s Decree of 28 October 2016.

In fact, all tax-relevant transactions will be documented either by electronic invoice or by the commercial document. The relevant data will be immediately available to the Revenue Agency in both cases.

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