Latest news from Italy

Italy to introduce B2B real-time invoice reporting from 1 January 2019

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… Read More

Italy to introduce B2B real-time invoice reporting from 1 January 2019

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 in the country. This new regime will require all businesses, both resident and non-resident, that sell to other VAT registered businesses in the country, to declare these sales to the Italian tax… Read More

Italy plan to increase VAT rates from 1 January 2019

The Italian government have announced the following VAT rate increases in their recently published stability budget. Standard VAT rate Will increase from 22% to 24.2% from 1 January 2019 A further increase to 24.9% from 1 January 2020 A further increase to 25% from 1 January 2021 Reduced VAT rate Will increase from 10% to… Read More