Expansion directions for cross-border e-commerce: Italy
Date30 Aug 2024
CategoryE-commerce
While Italy might first come to mind for its delicious pizza and pasta or vacation photos from Rome or next to the Leaning Tower of Pisa, it is important to...
Reading time: 6 min
E-invoicing in Italy: Overview and analysis
Date21 Aug 2024
CategoryE-commerce accounting
The Italian e-invoicing system (fatturazione elettronica) plays a crucial role in the digitization of the country’s tax administration and economy. Introduced in 2014 and later extended to all economic sectors,...
Reading time: 3 min
Update to Italian ‘Spesometro’ for 2018
Date18 Jan 2018
Update to Italian Spesometro for 2018 The reporting frequency for 2018 invoice listing (or ‘VAT Books’) submission (formerly ‘Spesometro’) has been changed by Italy, from quarterly to bi-annually. There will...
Reading time: 3 min
VAT in Italy will rise to 24.2% in 2019
Date28 Nov 2017
VAT in Italy will rise to 24.2% in ’19 On 31st October, 2018 Italy’s 2018 Budget (Manovra), sanctioned the postponement of 2018 VAT increase from 22% to 24.2%. The planned...
Reading time: 1 min
Changes to Italian Intrastat 2018
Date24 Oct 2017
Italy will implement changes to its Intrastat reporting system starting from 1st January, 2018. These simplifications were first scheduled for 2018, when a new quarterly VAT reporting regulation was introduced....
Reading time: 1 min
Italy VAT
Date26 May 2017
Reduction to statute of limitations Resulting from the publication of ‘Manouvrina decree’, the statute of limitations for VAT deduction in Italy has been reduced. Going forward, VAT deduction will only...
Reading time: 1 min
Italy – VAT split payments extended
Date28 Apr 2017
The European Commission has granted Italy approval to continue using anti VAT fraud split payments regime with state organisations, and to extend the measures to state-owned companies and stock market...
Reading time: 1 min
Italy has announced new VAT reporting
Date13 Apr 2017
Two interim changes have been ratified to the new 2017 VAT reporting regime by the Italian parliament. Formerly, Italian VAT registered companies normally paid monthly VAT due with an annual...
Reading time: 1 min
Italian government plans to increase VAT rates in 2018
Date10 Mar 2017
The Italian government has just announced that the standard VAT rate will rise from 22% to 25% as of 01 January, 2018. Also, there will be an additional increase of...
Reading time: 1 min
Italy updates VAT filings
Date08 Mar 2017
New requirements for 2017 Italian filing obligations. This has been re-designed instead of being monthly payments and one annual return, it will now be changed to quarterly returns along with...
Reading time: 1 min
Italy tries to extend the VAT split payment mechanism
Date28 Feb 2017
Italy’s Finance Ministry has made an application to the European Commission (EC) to extend the VAT split payment mechanism. Since 2015, the EC has allowed the split payment mechanism in...
Reading time: 1 min
ITALIAN VAT – Changes to VAT filings
Date17 Jan 2017
From 1st January, 2017, Italy has authorised (Law Decree 193) which is to introduce widespread new VAT filing requirements. Annual 2018 VAT Filing The 2017 Annual VAT return is now...
Reading time: 1 min