News regarding Intrastat forms and electronic invoicing

| Tax

As of January 1, 2022, significant changes have been introduced in Italy regarding tax compliance, as a result of the new European regulations.

In particular, we will focus on the new “forms” set out for:

  • Intrastat forms – new instructions and new thresholds;
  • Electronic invoicing – extension to 2024 and enlargement of the number of obliged parties.

The “restyling” of the Intrastat form regards:

  • the communication of the data related to the nature of the transaction split into two columns (A and B) in relation to the sale of goods; column B has to be filled only if the entity has carried out shipments during the year for less than 20 million euros;
  • a simplification has been introduced for shipments with a value of less than 1.000 euros, the code “99500000”, resulting in the “Nomenclatura combinata” no longer needed to be split (column 7);
  • the introduction of the new INTRA-1 sexies list for transactions covered by a “call-of-stock” contract (or also consignment stock);
  • regarding the purchases of goods, instead, the quarterly presentation of the model is no more necessary and for the subjects obliged to the monthly presentation the threshold is raised to 350.000 euros (purchases realized in the quarter or in at least one of the four previous quarters), compared to the previous 200.000 euros.
  • the introductions already mentioned regarding the sale of goods (introduction of code “99500000” and splitting of data relating to the nature of the transaction into 2 columns A and B) are valid also for purchases of goods.
  • regarding provisions of services received, on the other hand, the quarterly submission of the Intrastat form is no longer mandatory.

Electronic invoicing, introduced as of January 1, 2019 in order to fight fraud and tax evasion, also sees some changes with the new year.

In particular, the Council of the European Union has approved the confirmation of the electronic invoicing for the years up to 2024 and this obligation will also be extended to taxpayers under the flat-rate scheme.

In any case, the obligation is not yet operational as it is necessary a law that specifically eliminates the exemption already provided by Article 1, paragraph 3 of Legislative Decree 127/2015.