2 October 2018
The Italian tax authorities recently turned down a request by the Italian Association of Accountants to delay the introduction of the new mandatory real-time invoice reporting regime for resident businesses.
As per our previous articles, from 1 January 2019 Italy will introduce a new mandatory real-time invoice-reporting regime that will apply to all domestic business-to-business (B2B) transactions made by resident businesses in the country.
Please see our previous article here that will provide further information about how this new system will operate.
The EU member states which have already introduced this into their VAT legislation include Austria, Finland and Germany.
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