Italy provides guidance on electronic invoices

The Italian VAT office has provided new guidance for the use of electronic VAT invoices – e-invoices.

Included within the guidance are the following points:

• Customers may retain the right to hold electronic invoices in paper format only be printing off invoices for retention
• Companies may convert existing paper invoices into e-invoices under strict rules, and them retain them under the same compliance obligations as electronic ones
• Companies operating an electronic invoice system must complete the whole e-storage process by the end of each calendar year
• Companies must indicate in their annual VAT returns that they are operating an e-invoice regime.
• Companies now no longer have to also file the impronta version of the their electronic invoices
• New rules for deferred invoices, including issuance for partial supply and back-up documents.