Author: Patchanok Kluabkaew, SAP Finance Lead.
The Italian Ministry of Finance published last week the updated version 1.8 of the technical specifications for the e-invoicing introduction which will be valid from 1 February 2024.
The main changes introduced are as follows:
- New coding introduced for the ”AltriDatiGestionali” block for agricultural producers under special regime
- Control introduced for rejecting invoices with invalidated declaration of intent 00477
- The indications for the use of the TD28 for operations to and from subjects not established in Italy have been updated
- The description of the Country Id has been integrated into the Personal Data of the CedentePrestatore (AssignorLender)
Find here the latest updates by the Italian Ministry of Finance (Agenzia delle entrate).
As a reminder, the mandatory electronic invoicing requirement will be activated for all taxpayers, starting from January 1, 2024. All remaining businesses with a turnover not exceeding €25,000 per annum are included within the SdI e-invoicing obligations from 1 January 2024.
Italy was the first country in the Union to implement e-invoicing use for B2B and B2G transactions, even before the implementation of the European Directive 2014/55/EU which established mandatory e-invoice reception for public administrations.
- B2G e-invoicing is mandatory since 2014 (2015 for sub-central administrations).
- B2B and B2C e-invoicing is mandatory since January 2019.
The electronic invoice is mandatory for public administrations and private companies administrations under the Fattura PA model (XML).
Read more about e-invoicing and e-reporting or subscribe to our latest Tax Compliance updates to stay up-to-date: https://info.tjc-group.com/tjc_newsletter-tax-compliance
