At a ruling on 28 February 2020, the Italian Revenue Agency approved new technical specification rules for e-invoicing for businesses. The specifications include a new XML requirement for FatturaPA that will be mandatory in 2021. On 20 April 2020, the deadline was pushed to 1 January 2021. E-invoices that are not compliant with the updated version of the technical specifications will be rejected by public administrations.
Dates of implementation
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 (v. 1.5) until 31 December 2020. Thus, from 1 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.
In addition to the abovementioned modifications, the following have also been introduced:
- Amount – an increase in the number of digits allowed for discounts;
- Stamp – amount of the stamp due indication becomes optional;
- Type of payment;
- Type of withholding tax and social contribution – additional types of withholding taxes and contributions.
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