30 September 2016
In an effort to reduce VAT fraud and also to simplify VAT reporting the Italian tax authorities will offer a voluntary e-invoice reporting regime from 1 January 2017.
By using this scheme businesses will be able to electronically submit their VAT purchase and sales invoice details directly to the tax authorities, who will then use this to calculate the businesses monthly VAT liabilities.
By using this service the registered businesses reporting obligations will be reduced in the country and it will also accelerate VAT credit refund repayments too.
LATEST NEWS
Belgium approves draft law for near-real-time...
July saw the Belgian Council of Ministers approve a preliminary draft law to introduce near-real-time electronic reporting of certain invoice data to the tax...
SEE MORE
LATEST NEWS
Luxembourg proposes the introduction of electronic...
This month Luxembourg’s Government approved a draft law to introduce mandatory structured business-to-business (B2B) e-invoicing for domestic transactions...
SEE MORE
LATEST NEWS
Germany's action plan signals move toward...
Germany has announced a 26-point “Action Plan” against tax and financial crime, which aims to increase detection risk, strengthen enforcement, and improve...
SEE MORE