The Italian tax authority issued Regulation no. 99922 (28 February 2020) to update the rules with regard to electronic invoicing (e-invoicing). The prior rules and technical specifications were provided in April 2018.
The new technical specifications for e-invoices concern the XML format as well as a new set of codes to identify the nature of the transactions in the XML file (for transactions with no value added tax (VAT)).
The new technical specifications apply to e-invoices issued and received as of 4 May 2020. For the period between 4 May 2020 and 30 September 2020, taxpayers can either continue with e-invoices based on the prior technical specifications or can voluntarily begin to use the new codes. Beginning 1 October 2020, only e-invoices that apply the new technical specifications will be accepted.
Also, the regulation extends the period during which taxpayers and their intermediaries can activate the service that allows them to view and download e-invoices from the tax authority’s website. The activation deadline has been extended to 4 May 2020 (from 29 February 2020).
Read a March 2020 report [PDF 210 KB] prepared by the KPMG member firm in Italy
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