Italian tax authorities issued new rules for electronic invoicing. First is Provision No. 293384, which explains the transactions carried out with foreign counterparts. Second is Provision no. 293390 which is related to the transactions carried out upon reception of the declarations of intent. Both Provisions will be applicable starting 1 January 2022.
First, under Provision No. 293384, the Act covers transactions with foreign counterparties particularly e-Invoicing requirements for cross-border sales of goods and services, the transmission of relevant data using e-commerce exchange platforms, and the technical rules concerning e-invoice reporting.
In terms of penalties, Italian tax authorities provides for an administrative penalty of EUR 2 (up to a maximum limit of EUR 400 per month) for each invoice. If the transmission is made within 15 days following the deadline, the penalty will be reduced by a half (maximum EUR 200 per month).
Second, under Provision no. 293390, the Act covers transactions carried out with declaration of intent. The act is defined by Italian tax authorities as the criteria for internal checks that they will carry out for exporters. In case of non-compliance, the declaration of intent sent by the usual exporter will be invalidated. The invalidation will lead to rejection of the declaration of the e-invoice sent to the SdI system by the supplier.
Starting January 2022, the supplier who received a declaration of intent, in addition to the indication of the value “N3.5” into the field 2.2.1.14 “Natura”, will be required to fill in the block 2.2.1.16 “AltriDatiGestionali” of the .XML file particularly:
Source: Italian Revenue Agency