Monday 27th April, 2020
The Italian Revenue Agency has approved new technical specification rules for e-invoicing for businesses under a ruling on 28 February 2020.
These specifications include a new XML requirement for FatturaPA that will be mandatory in 2021. FatturaPA is the type of invoice that will be accepted by Public Administrations. On 20 April 2020, the deadline was pushed to 1st January 2021.
E-invoices that are not compliant with the updated version of the technical specifications will be rejected by public administrations.
To ensure the continuity of services and the gradual adaptation to the new specifications, the transmission to Sistema di Interscambio (SDI) and the delivery of e-invoices can be submitted under the current technical specifications until 31st December 2020.
From 1st October 2020, SDI will accept e-invoices prepared both with the new scheme and with the current technical specifications.
New e-invoicing codes - two of the main modifications refer to new codes that indicate the type of document and nature of transaction. The codes are imperative to the setup of XML files. Seven new document types have been introduced. Taxpayers will be required to identify the correct type of document for the transactions to be invoiced among 18 different codes.
Similarly, seven new codes have been added to identify the nature of the transaction. Taxpayers now have the ability to identify among 24 nature of transaction types. The types of transaction for VAT purposes will be indicated in more detail to make the invoicing process quicker and more precise. According to Pagero.