Updates regarding E-invoicing in Italy

Regarding e-invoices, some changes were made and they will start from 1 July 2022. Also, cross-border invoices are included and Esterometro is withdrawn. A range of changes to the Italian VAT e-invoicing regime, SDI (Sistema Di Interscambio), is being implemented on 1 July 2022 by Agenzia delle Entrate. But how does that impact the small taxpayers?

- Small taxpayers: from 1 July 2022, all small taxpayers (above €25,000 annual turnover) will be required to submit their invoices via SdI for electronic approval by the tax authorities. However, there will be a soft-launch phase in the third quarter of 2022 with no penalties provided that the invoices are submitted within 30 days. Those below the annual sales threshold will join from 1 January 2024.
- Cross-border: Italy is extending its Sistema di Interscambio (SdI) live e-invoicing regime to cover cross-border transactions from 1 July 2022 – delayed from 1 January 2022.

Italy’s Agenzia Entrate will withdraw the quarterly Esterometro declaration (cross-border sales and purchase invoices) as the listing will now be redundant.