Fiscal subject related
In a significant move towards simplifying tax compliance in Italy, Legislative Decree 1/2024 introduces a new method for sending transactions electronically by the fiscal rules in Italy. This decree allows receipts to be transmitted via software, eliminating the need for electronic recorders and RT devices.
Article 24 of Legislative Decree 1/2024 aims to rationalize and simplify tax compliance rules. It liberalizes the electronic storage and telematic transmission of receipts, allowing merchants to use specific software procedures that ensure data security and integrity. This change eliminates the need for current hardware tools like telematic recorders and introduces the possibility of using cloud-based solutions, reducing the need to print telematic receipts.
However, merchants must wait for the Revenue Agency to officially define the technical specifications of the software and more rules, details, and deadlines. More precisely, merchants are burdened with various tools to record transactions, manage electronic payments, and process sales and purchase data via RT devices, printers, and servers. This obligation is still mandatory and must be respected. But in 2025 and later, specialized software will be possible instead of RT devices.
What is currently known is that for transactions regulated by electronic payment methods, the software must integrate payment processes with corresponding operations. This integration unifies the tools used for commercial, administrative, fiscal, and payment operations, simplifying administrative management and reducing the burden on merchants while ensuring data security and integrity. These new solutions are expected to reduce costs by eliminating the need for mandatory periodic maintenance of specific hardware devices.
In technical terms, a draft resolution that introduces technical details is currently in the process in front of the EU Commission, and it is expected to be accepted and published by the end of 2024 and at the beginning of 2025.
Merchants can adopt these solutions once the Director of the Revenue Agency issues the necessary provisions defining the methods and technical specifications for the software's creation, approval, and release; therefore, more regulations still need to be published.
This legislative change marks a significant step towards modernizing and simplifying the administrative processes for merchants, promising a more efficient and cost-effective approach to managing electronic receipts and payments.
Draft version of the technical specification is to be found here.
Other news from Italy
New document was uploaded: Technical Specifications for Software Solutions in Compliance with Italy’s Legislative Decree No. 1/2024 for Electronic Storage and Transmission of Proceeds - draft
This document defines the technical specifications of the software solution referred to in Article 24 of Legislative Decree No 1/2024 as a tool (together with those already regulated by the Decision of the Director of the Revenue Agency of 28 October 2016) by which electronic storage and electronic transmission of the data referred to in Article 2(1) of Legislative Decree No 127/2015 can be carried out. Read more
Clarification of DAC7 platform and seller definitions in Italy
Italy’s tax authorities issued Law Principle No. 3/2024 on 3 October 2024. The law clarifies definitions of “platform” and “seller” for data reporting obligations in e-commerce. More details are as follows. Read more
Digital Signature Requirement Introduced for Tax Audits by Revenue Agency in Italy
On September 30, 2024, the Director of the Revenue Agency signed a provision establishing the operating procedures for using digital signatures drawn up during tax control activities, in accordance with Article 38-bis of Presidential Decree no. 600/1973. These new procedures aim to streamline tax control activities and ensure the integrity and authenticity of the documents involved. Read more
Updated tax penalty regime in Italy
In a significant move to harmonize its tax sanction system with other EU countries, a new decree has been introduced, aiming to provide more proportional sanctions for tax violations. Decree n. 87/2024, released on 28 June 2024, amends several regulations and will apply to violations committed from 1 September 2024. Let's find out more about these changes! The updated legislation brings several c... Read more
VAT refund procedure in Italy
Italian taxable persons who pay VAT in another EU Member State can request a refund of the tax paid. Namely, taxable persons established in Italy can request a VAT refund for tax paid in another EU country, as outlined in Article 38-bis1 of Presidential Decree 633/1972. The refund request must be submitted through a specific electronic procedure that sends the request directly to the Italian Reven... Read more
EU to protect domestic e-commerce sellers with a cross-border tax reform
As online shopping continues to grow, the European Union is planning to implement new regulations to protect local e-commerce sellers. One significant change affects consumers who shop on international platforms like Temu or AliExpress. The EU has already taken some steps at the first sign of growing foreign e-commerce sellers, and since July 1, 2021, all goods entering the EU, regardless of their... Read more