A decree—Law Decree no. 193 (22 October 2016)—replaces a requirement that value added tax (VAT) payers must file an annual "communication of sales and purchases list" (Spesometro) with the Italian tax authorities, with quarterly VAT reporting. The decree is effective 1 January 2017.
Under the decree, VAT payers will be required to communicate to the tax authorities the data contained in invoices issued and received (including customs bills) on a quarterly basis. The information to be provided includes:
Read an October 2016 report [PDF 182 KB] prepared by the KPMG member firm in Italy
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