Fiscal subject related
Other news from Italy
EU Council proposes extension for Italy’s mandatory e-invoicing
The EU Council is considering extending Italy’s mandatory e-invoicing authorization until December 31, 2025, or until the new EU-wide ViDA directive takes effect, to continue reducing VAT fraud and improving tax compliance. Since its 2018 implementation, Italy’s e-invoicing system has significantly increased VAT revenue and detected tax fraud, underscoring the system’s effectiveness. In a bid to f... Read more
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
Huge update in fiscalization in Italy: software for electronic submission and storing fiscal data instead of RT devices?
Italy's Legislative Decree 1/2024 introduces a new method for transmitting receipts electronically via software, eliminating the need for physical recorders and RT devices. This shift to cloud-based solutions aims to simplify tax compliance by reducing hardware costs and integrating payment and administrative operations. Merchants must wait for the Revenue Agency's technical specifications and can... 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