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Latest Global VAT Specialist Group Newsletter looks at delay to the new Italian regulations on e-invoicing for cross border transactions

21st December 2021

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The 2021 Italian Budget Law had originally introduced new regulations on e-invoicing for cross border transactions to become effective as of 1 January 2022. However, these measures have been now been postponed to 1 July 2022.

VAT Specialist Group member Francesco Bartolucci of MGI Studio Pragma sets out the current situation in the latest VAT Newsletter.

Francesco explains

Following a specific amendment approved on 14 December 2021 by the Italian Parliament, during the conversion into law of Law Decree No. 146/2021, it was decided that the introduction of the new e-invoicing regulations will be postponed until July 2022. The conversion law has not yet been published in the Italian Official Gazette; however, no further amendments are expected on this point.

From 1 July 2022, data related to cross border transactions (sales and purchases) must be transmitted to Italian Tax Authorities only through the Interchange System (SDI), using the XML format of e-invoicing:

  • no later than the time invoices are issued, for supply of goods and services towards foreign parties

  • no later than the fifteenth day of the month following that in which the document certifying the transaction is received, or the chargeable event occurs, for purchases from foreign parties

For exports and imports, transmission of data will not be mandatory as long as the transactions are traced by custom declarations. Furthermore, the new measures should not be applicable to non-resident identified in Italy for VAT purposes, directly or through a tax representative.

View the full Global VAT Specialist Newsletter HERE

For further information regarding Italian regulations on E-Invoicing contact Francesco Bartolucci at bartolucci@studiopragma.it

Our Global VAT Specialists 

Our experienced VAT specialists provide a centre of excellence in the field of VAT & Customs across the world. Besides compliance questions, these experts can answer any day-to-day questions as well as assist you, among others, with the correct qualification of transactions, evaluations of contracts, VAT audits and setting up processes together with creating manuals and guidelines. Visit the microsite to meet the Global team.

To learn more about the activities of the Global VAT Specialist Group, or any of the other Groups, please contact International Business Development Manager, Nicki Lynn nlynn@cpaai.com.

MGI Worldwide with CPAAI is a top 20 ranked global accounting network and association with over 10,000 independent auditors, accountants and tax experts in some 460 locations in almost 100 countries around the world.

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