Italy

Italy Esterometro replacing the Spesometro Jan 2019

October 15th, 2018

On 1 January 2019, Italy will withdraw the requirement for resident and non-resident Italian tax payers to complete the Spesometro quarterly / bi-annual sales and purchase invoice listing. This is part of the extension of SdI live invoice reporting to all B2B and B2C transactions. The Spesometro will be replaced by a new monthly filing, the …


Italy

Italy Spesometro Oct 2018 update

September 24th, 2018

Italian VAT registered businesses are due to file their bi-annual Spesometro on 1 October. Italy will be introducing a new e-invoice live invoice SdI reporting regime in 2019 which will eliminate the Spesometro for resident businesses. There were a number of 2018 changes to the XML-based listing, first introduced in 2011, of sales and purchase …


Italy

Italy SdI live reporting delay refused

September 18th, 2018

The Italian authorities have this week turned down a request to delay the scheduled 1 January 2019 introduction of e-invoicing and live reporting, Sistema di Interscambio (SdI), for all resident businesses. The measure is being extended in 2019 to all resident tax payers for B2B and B2C domestic supplies. It has been required of B2G transactions since 2014. …


Italy

Italy withdraws VAT split payments

July 9th, 2018

Italy’s Minister for Economic Development has said that anti-VAT fraud split payments regime will be abolished for professional service transactions to government. Italian split payments involve customers paying the VAT element of invoices directly to the tax authorities. Split payments are obligatory in Italy for B2G transactions only. This reduces the opportunity for VAT fraud. Italy …


Italy

Italy limits SdI VAT reporting to resident businesses

July 6th, 2018

Italy has confirmed that only Italian resident tax payers will be required to submit real-time e-invoices to the Sistema di Interscambio (SdI) portal. Non-resident Italian registered businesses will continue to file the Spesometro filing. The clarification was issued this week as there was a conflict between the original Italian implementing legislation and the permission granted …


Worldwide

VAT Reporting v18.6.1

June 29th, 2018

Overview This release is a maintenance release of the VAT Reporting application for the month of June. It includes changes in reporting documents, SII updates, modifications in VAT Reporting and bug fixes. Main changes in reports Spain:The Modelo 353 Group Return (PDF) has been added, a consolidated form that is to be submitted by the …


Italy

Italy SdI live invoice update

June 18th, 2018

Italy has opened registrations for online addresses for the purposes of submitting live invoices. The new Italy Sistema di Interscambio (SdI) real-time reporting process becomes mandatory in July for oil companies, and goes compulsory for all companies in January 2019. Tax payers must submit B2B domestic invoices to the Italian tax authorities, which register them …


Italy

Italy turmoil may trigger VAT hike

May 30th, 2018

Italy’s current political turmoil, and potential fresh elections this summer, may trigger a VAT rise to 24.2% in 2019. The standard VAT rate could rise further to up to 25% by 2021. Lack of government could trigger scheduled VAT hikes The potential VAT rise was set in October 2017, and is automatically triggered if the …