As of today, 31 March, all public administrations in Italy, including local and regional authorities and their suppliers, must use mandatory e-invoicing. The rollout of this system began in June 2014 with the Ministries, the Tax Agency and State Security bodies the first to sign up. Now, with the latest incorporations, the adoption of e-invoicing in the Public Sector is complete.
Although migration of all the administrations was initially scheduled for completion by June, a Decree-Law issued in April 2014 brought this deadline forward by two months. That is, until March 31. Bear in mind that the expansion of e-invoicing in Italy is progressing apace. According to official figures, by the end of August last year, 12,170 public bodies had signed up voluntarily to the Local Administrations interchange system.
It is estimated that the obligation to issue e-invoicing now reaches 21,000 public organizations, compared to the 9000 that signed up in June 2014. With the generalized spread of this technology, the Administration looks forward to savings of around 1.5 million euros annually, thanks to a reduction in costs related to infrastructure, printing, sending and greater workload. This cost saving is one of the main objectives of e-invoicing, but not the only one. FatturaPA will also improve administrative procedures and boost productivity. Moreover, it will further the fight against tax evasion, thanks to the assurances in traceability of payments.
How to issue an electronic invoice?
For maximum automation of billing in SMEs or multinationals, EDICOM as design an International e-Invoicing Platform, adapted to the legal requirements in force in Italy, as well as other countries worldwide. This way, creating, sending and preserving an invoice, and even integrating it into the issuer company’s information or accounting system, can be done with scarcely any human intervention.