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Italian tax authorities to offer e-invoice reporting scheme

The Italian tax authorities will offer a voluntary e-invoice reporting regime from 1 January 2017. This is an effort to reduce VAT fraud and also to simplify VAT reporting. The service will reduce reporting VAT reporting obligations and accelerate VAT Refund credits.

Italian VAT registered businesses will be able to electronically submit their VAT invoice details for both sales and purchases directly to the tax authorities. The tax authorities will then use this data to calculate the monthly VAT liabilities.