The Budget Law 2018 (the ‘Budget Law’) was published in the Official Gazette on 29 December 2017 and came into force on 1 January 2018.
With this law, many new VAT measures have announced. One of them is an E-Invoicing extension.
As of 1 January 2019, e-invoicing will become mandatory for all B2B and B2C supplies of goods and services between parties established or VAT-registered in Italy (in the case of B2C if the customer expressly requests an invoice).
E-invoices will have to be issued:
— through the ‘Sistema di Intercambio’ system (‘SdI’), which is the platform currently used to transmit e-invoices to public bodies and which will allow the Italian Revenue Agency to automatically collect details of e-invoices;
— in the ‘Fattura PA’ format(3), which is the only one currently admitted, although different formats based on European standards might be allowed in the future if introduced by decree.
Should e-invoices not comply with the above conditions, they will be treated as not having been issued and the (heavy) penalties imposed by article 6 of Legislative Decree no. 471/1997 will apply
S4FN has both cloud integrated and E2E solution for Italy e-Invoicing.
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