VATLive > Blog > European News > Italy SdI VAT e-invoicing raises €4bn

Italy SdI VAT e-invoicing raises €4bn


Italy is projecting an annual increase in VAT revenues of €4 billion for 2019 following the January extension of its SdI electronic invoicing regime to domestic B2B and B2C transactions. This is twice as much as originally forecast.

Italy’s VAT Gap, the difference between forecast and actual VAT revenues, is estimated by the European Union to stand at over €35 billion per annum. It accounts for almost 25% of all missing VAT amongst the 28 member states of the EU.

Italian resident companies are now required to submit their domestic B2B and B2C invoices to the government’s SdI portal for real-time approval. SdI then forwards them to customers for settlement and VAT recovery.  The model follows similar pre-approval e-invoice regimes in countries like Brazil, Mexico and South Korea.

France is consulting on a similar system based on the early success of Italy’s SdI. Portugal is to extend its B2G invoice clearing system on a voluntary basis to B2C invoices next year.


Latest Italian news

Italy imposes marketplace VAT fraud obligations

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.

Italy delays Spesometro and Esterometro


February 15, 2019

Italy has postponed the deadlines for the last 2018 Spesometro and the first 2019 Esterometro to 30 April 2019.

EU VAT and tax veto review


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. 



VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
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.
VATlive newsletter

Sign up for our free newsletter stay up-to-date with the latest tax news.

VAT Voice


Sign-up to VAT Voice, Avalara’s monthly round-up about VAT and legislation updates to help you stay ahead of the curve.