Italy: VAT requirements for cash registers again postponed (COVID-19)

Italy: VAT requirements for cash registers postponed

The Italian tax agency postponed the deadline to 1 October 2021 (from 1 April 2021) for retailers to update their cash registers—a value added tax (VAT) relief measure granted in response to the coronavirus (COVID-19) pandemic.

1000

Related content

The guidance (instructions no. 83884/2021, 30 March 2021) postpones once again the deadline for adopting the new technical specifications (version 7.0) with regard to the transmission of daily payment details (a prior postponement was to 1 April 2021 from 1 January 2021). The new technical specifications now will be effective from 1 October 2021; therefore, cash registers (registratori telematici) must be updated by 30 September 2021.

The Italian government also recently postponed the rules to provide “pre-populated” documents for taxpayers that are residents of or established in Italy. The Italian tax agency will now:

  • Make draft VAT ledgers and periodical VAT settlements available for transactions conducted on or after 1 July 2021
  • Make draft VAT returns available for transactions conducted on or after 1 January 2022

Accordingly, pre-populated VAT ledgers and VAT returns for resident taxpayers will be available for transactions from July 2021 (VAT ledgers) and January 2022 (VAT returns).

Read a March 2021 report [PDF 163 KB] prepared by the KPMG member firm in Italy

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal