Are you doing business in Italy? Are you aware of the new regulation about e-invoicing?
In Italy, the local Budget Law (Legge di Bilancio 2018) mandated B2B e-invoicing on 1 July, 2018 (for public administration subcontractors) and, as of 1 January, 2019, the same obligation will extend to all business sectors including B2C suppliers.
Regardless of what invoice practices you have in place today — paper, EDI, email or scanned — you must migrate to the Italian Fattura-PA XML format by this deadline. Any company that does not comply with Italy’s requirements and issue e-invoices in the required XML format via the government’s IT-platform Sistema di Interscambio (SDI) platform will face heavy sanctions.
Is your company equipped to issue and receive e-invoices?
And because it shouldn’t be just by regulation, e-invoicing also offers significant benefits to business, including reduced invoice-related errors, time and cost savings, faster payment, interoperability with any system and global compliance with e-invoicing requirements.