Italian electronic invoicing (SdI)
From the 1 January 2019 Italy will introduce mandatory electronic sales invoice issuance and reporting. All relevant invoices must be issued and submitted to the Italian Revenue Agency’s e-invoicing platform, Sistema di Interscambio (SdI).
Join Riccardo De Meis Cassisa, Agenzia delle Entrate, with Richard Asquith and Kid Misso, Avalara, to learn about the 2019 new electronic SdI VAT invoice rules and solutions.
- 1 January 2019: electronic VAT invoice reporting, via the tax authorities, for most companies
- Invoices must be submitted for pre-approval with the Italian tax authorities SdI platform
- Only once SdI verifies the invoice, will it forward to the customer for payment
- Staged, soft-landing for 2019
- The Spesometro return will be replaced by the Esterometro submission
The new invoice reporting obligation is designed to reduce errors and prevent VAT fraud. Italy’s VAT Gap – the difference between forecast revenues versus actual take – is by far the largest in Europe. It accounts for 23% of the EU estimated €151.5 billion VAT missing in Europe.
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.
Kid is the VP Product EMEA. He has over 15 years of specialist experience in indirect tax automation.