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Simplification of archiving accounting books and ledgers in Italy
Summary
According to the recently published simplifying Law Decree no. 73/2022 certain changes have been made in terms of how accounting books and similar documents must be preserved. Concerning that, it is sufficient to keep accounting books and ledgers up to date in the taxpayer’s computer systems and to print them, upon request by the authorities.
Content
In other words, the Italian government has eliminated the obligation to electronically preserve accounting books and ledgers.
Until now, accounting books and ledgers must be preserved electronically, following the same preservation process as for e-invoices (conservazione sostitutiva), within three months following the deadline for submission of the relative annual VAT declaration. Therefore, the procedure is much more simple for taxpayers.
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