The new electronic invoice era is coming soon
Italian Budget Law for 2018 has extended the obligation of electronic invoicing, which entered into force in 2014 for operations with the Public Administration
While the mandatory electronic invoicing measure is coming up, taxable persons under VAT rules are starting to update procedures in compliance with the new regulation.
An "electronic invoice" is the digital document issued in XML format pursuant to technical specifications listed in Measure n. 89757/2018, annex A, issued by the Italian Tax Authority, which is transmitted the aforementioned Authority via (SdI) Interchange System to be further transferred final recipients.
Mandatory electronic invoicing was enforced on transactions with Public Administrations in 2014.
The Italian Budget Law for 2018 has introduced mandatory electronic invoicing for “sales of goods and services between residents, established or identified in the Italian territory, and the related amendments".
Implementation of the new system will become mandatory for all invoices issued as from 01.01.2019, however, as from 01.07.2018 it will be enforced on:
- supplies of petrol and/or diesel fuel intended for the use of motor fuel;
- services provided by subcontractors to suppliers engaged in public procurement contracts sealed with the Public Administration.
Regarding petrol and/or diesel fuel intended for the use of motor fuel, Resolution 30.4.2018 n. 8, issued by the Italian Tax Authority, sets out that mandatory electronic invoicing, effective as from 01.07.2018, exclusively relates to petrol and diesel fuel sales intended for the use of motor fuel "for traction", not only encompassing in this category road vehicles, but also yachts and aircraft.
A decree, intended to defer from 01.07.2018 to 01.01.2019 the enforcement of the new regulation setting mandatory electronic invoicing on petrol and diesel fuel sales, should be shortly approved by the council of Ministers. In essence, until the E-invoicing measure will become mandatory, fuel cards providing documentary evidence of petrol price, and also intended for VAT exemption, should still be allowed (as well as credit cards, bank cards and other prepaid cards).
Permanent advisory desks will be established at the Ministry of Economic development so as to help petrol stations' owners be ready when the e-invoicing measure will be effective on January 1st 2019.
PKF - Studio TCL Tax Consulting Legal
Genova – Milano