New Italian VAT filing, Esterometro
Since 2019 Italian residents need to submit their invoices electronically through the SdI platform. This electronic invoice requirement does not apply to cross border transaction invoices. These invoices need to be reported in a new report, called Esterometro.
The Esterometro reports cross-border VAT transactions, with customers not established in Italy, not recorded through the live invoice reporting system. Examples are intra Community supplies and export of services (if not voluntarily reported through SdI). Transactions for which a Customs bill is issued do not need to be reported.
The Esterometro is filed monthly in XML format, and is due to be submitted for the first time for January 2019 by the end of the month following the invoice month or for purchases by the end of the month following the month in which the purchase invoice was booked. As mentioned foreign (not established) businesses with an Italian VAT registration are not required to complete the Esterometro. The Spesometro return (on half year basis) will no longer be required.
What if you don't submit the Esterometro?
For not submitting the Esterometro a penalty applies of € 2,- per not reported invoice (with a maximum of € 1000,- per quarter, which can be further reduced under certain circumstances).
For more information please do not hesitate to contact us. You can contact us by sending an email to: firstname.lastname@example.org or by calling our office: +31(0)88-4321800. Our VAT specialists are here to help.