Italy Esterometro declaration
Resident Italian VAT-registered businesses must complete a monthly listing, Esterometro, of all cross-border sales and purchase invoices. This reporting obligation was introduced for all invoices issued after 1 January 2019, following the implementation of Sistema di Interscambio (SdI) live invoice reporting for B2B and B2C invoices. The Esterometro captures all the invoice not mandated for SdI live reporting. It replaced the Spesometro filing.
Key requirements of the Esterometro are:
- Monthly filing by resident taxpayers only
- Listing of sales and purchases to or from non-resident customers and suppliers, including:
- Domestic supplies;
- IC acquisitions;
- Exports or imports without customs declarations; and
- Purchases of services from non-residents.
- Transactional data will include: VAT number of Italian supplier/customer; Date; Invoice number; Tax base; VAT due; exemptions
- Due the last day of the month following the month the purchase or sales invoice was raised
- The following invoices may be excluded:
- Any sales invoices reported through SdI. The non-resident is still entitled to a paper/PDF invoice from the Italian supplier since SdI will not issue it.
- Imports or exports where a customs document was raised since this will be automatically reported to the tax authorities
- Non-residents are not required to complete the Esterometro, including for domestic supplies.
- The report is filed in XML, with the tax payers digital signature, on the tax authorities’ Fatture e Corrispettivi web portal, or by HTTPS or FTP.
- Fines for non-compliance are €2 per missed invoice, with a maximum of €1,000
Latest Italian news
February 16, 2019
Italy has proposed making marketplaces the deemed supplier and VAT principal on B2C sales below €150 by third party sellers. It will apply to consumer electronics, such as mobile phones, video games, tablets, games consols etc. It covers imports from non-EU, third countries.
February 15, 2019
Italy has postponed the deadlines for the last 2018 Spesometro and the first 2019 Esterometro to 30 April 2019.
January 25, 2019
The European Commission (EC) has proposed switching from unanimous to majority voting on EU VAT and other tax policies. The aim is to progress fiscal reforms which face immovable opposition from just a limited number of member states.
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