Under the Italian Budget Law for 2018, a general business to business and business to customer e-invoicing obligation will apply from January 1, 2019. Additionally, there will be an e-invoicing obligation for public subcontractors and for the supplies of petrol intended for use as motor fuel beginning on July 1, 2018. On April 30, 2018, the Italian Tax Authorities provided additional guidance regarding the technical rules for issuance and receipt of e-invoices as well as new rules for e-invoicing and payments of fuel supplies. A notable detail in the guidance on the supply of fuel is that input VAT is recoverable only if the payment for fuel is made in electronic format, such as credit card or debit card.
The guidance on the new rules relating to the July 1 fuel supply mandate can be found under Circular letter no. 8/E, located, here.
The guidance on the technical rules for the issuance and receipt of e-invoices can be found under Measure no. 89757/2018, located, here.
About the Author
Brendan Magauran is a Junior Regulatory Counsel at Sovos Compliance specializing in international taxation, with a focus on Value Added Tax Systems in the European Union. Brendan received his B.A. and J.D. from Washington University in St. Louis and is licensed to practice in New Hampshire and Massachusetts.More Content by Brendan Magauran