Italian tax authorities to offer e-invoice reporting scheme

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

Romania to introduce mandatory business to government...

The Romanian tax authorities have confirmed that businesses that sell to government departments will be required to issue e-invoices from 1 July 2022. Since...

SEE MORE
VAT news
LATEST NEWS

New EU e-commerce packages – EU confirms initial...

The European Union (EU) has released statistics showing that the introduction of the EU e-commerce packages in July last year, has been a success. The figures...

SEE MORE
VAT news
LATEST NEWS

Australia raises AUS$760 million in GST after...

The Australian Board of Taxation has announced that since the removal of the Low Value Imported Goods (LVIG) regime in July 2018, it has collected GST on low...

SEE MORE
VAT news

Gated Content

The following email providers are not accepted: gmail, hotmail, yahoo. Please use proper company email.