E-Invoicing: the regulations
The provisions on e-Invoicing laid down by the 2018 Budget Law form part of the measures to fight against tax evasion. The new obligation concerns every VAT registered operator and it entered into force definitively on January 1st 2019. Specifically, the Regulation lays down that the electronic invoices must be issued only for the transfer of goods and the performance of services - besides the changes therein - between resident subjects inside the territory of the Italian State.
The e-Invoicing process is governed by the Italian Law that allows to manage and save directly in digital format both the receivable and the payable accounts of the invoices of a company.
The electronic Invoicing, mandatory for the Government from March 31st 2015, became optional from January 1st 2017 between the private economic operators in order to simplify the Italian tax collection agency and improve the tracking of the operations. The third step of the program of invoicing digitization took place from July 1st 2018 and consists in the obligatory issuing of an electronic invoice from suppliers of oil products for automotive fuel and from subcontractors in public procurement of the Italian Government. The e-invoicing between private economic operators (B2B) came into force on the national territory on January 1st 2019.
Electronic invoicing B2B
The electronic invoicing between private parties represents a huge benefit for all Italian companies by digitizing their own business processes simplifying and making them innovative, safe and simple
The following are some of the several economic benefits from digitization:
• To lower the costs of stationery (paper, envelopes and stamps);
• To eliminate the costs of printing and shipping;
• To lower the costs of filing of the documents;
• To cut the time of filing and searching.
The electronic invoicing is based on the principles of digitization. The greatest benefit of the electronic invoicing does not reside only in the ecological aspect but in the digitization of the company internal processes.
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