EU OKs Italy’s Plans to Continue Value-Added Tax E-Invoicing

Italy can continue with, and extend to smaller companies, its mandatory value-added tax e-invoicing scheme, the European Union said Wednesday.

Companies in Italy would continue to be required to issue invoices electronically via a government platform, but an exemption for companies classified as small and medium-sized enterprises would end, meaning that they too would be required to issue e-invoices.

Italy introduced mandatory e-invoicing for business-to-business transactions in 2019 and had found the scheme “fully achieved its objectives, namely to combat tax fraud and evasion, to simplify tax compliance and to make tax collection more efficient,” according to a draft legal ...