Mandatory real-time electronic sales invoice reporting has been introduced by the Italian Revenue Agency. The process will be effective from 1 January 2019. The Italian Revenue Agency named it Sistema di Interscambio (SDI) and according to them all relevant invoices have to be submitted through this system to the Italian Revenue Agency’s e-invoicing platform
As per the 2018 Budget Law, the e-invoicing applies resident and non-resident VAT registered businesses, B2B transactions between private businesses, invoices for a domestic supply of taxable goods or services are also included. The requirement will also apply to sales of goods for personal use above €155 gross, to be carried out of the EU Customs territory from 1 September 2018.
According to the Italian Revenue Agency the invoices must be submitted in XML format. If the invoices are not submitted through the SDI system, penalties between 90% and 180% of the VAT due will be charged.Tthe existing Spesometro filing will be abolished from 2019 onward.
