Italy electronic invoices compulsory 2019

Sun 22nd Oct 2017

Italy is to require all private tax payers to produce electronic invoices from the 1 January 2019.  A number of sectors, including the oil industry, will start from January 2018.

All sales invoices to public bodies have been required in electronic format only since 2014.  Invoices must be provided in XML which can be accepted by the Italian Electronic Exchange System which administers and controls reporting of VAT invoices.  E-invoices are validated via secure digital signatures.

The requirement is aimed at helping reducing VAT fraud.  Italy has the largest VAT gap – the estimated difference between anticipated VAT revenues versus actual receipts – in the European Union.  It has been at the forefront of efforts to implement technology solutions to help tackle VAT fraud.

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