Streamline Your Billing Process with an Electronic Invoice for Supervision

Electronic invoice for Supervision

welcome everyone I'm Fausto Carnevale Italian accountant today I will explain you what is the fatura Electronica or in English we can call it e invoice electronic invoice and we are going to look at some deadlines and some new rules for the forfeit regime before starting the video I would invite you if you want to have a free consultation call before the tax assessment you can click on the link below and you will have a 15 minute free call with our Italian assistant Joe so what what are we discussing today so first of all this is the one of the First videos about the fatura electronica in Italy when you are invoicing you need to mandatory for the companies use the e-invoice what what is this so basically when you issue an invoice you have to send the invoice to the client via a digital format so basically this is you your your office this is the office of the client let's say that you sell 100 euro Plus v80 so the client will ask the invoice because for the client is a cost for you is a revenue in order to send you the invoice in order to send the invoice to the client sorry you need a code each client has a code and by the way the general rule applies only for companies so srl Spa and without any other not limited responsibility company with the higher revenues but we are not discussing today the the limits but imagine if you open an srl in Italy you have to make the invoice even if you open on one Euro Etc so in order to send an invoice you need a code then you can do the invoice which will be sent to a big software called systemadinters Cambio then the client will receive the invoice why they they did they implemented this e-invoice in Italy for two reasons first to simplify the invoicing but this is not really true but they said to simplify the the process second to control this is the thing to control the thing that are invoiced so it is like to me it it has sounded like you cannot Escape so you once you send the invoice in theory we could track this invoice forever then it's not true because in order to download the invoice you need the 100 100 different pyramids but for the tax government in Italy it has been a a good Improvement in order to reduce the tax evasion in order to avoid that people they receive the payment and then they don't do the invoice in this case or that they do the invoice this is worst but it happens it happens they do the invoice and then they don't register the invoice so in this way the people who purchase are Goods he needs the invoice so it will be more pushing it will be pushy excuse me for this word but it will be more uh in need in need to ask the invoice because he needs to registered invoice with this electronical format sometimes and and this is uh and also a quick thing that I want to introduce the accountant do the invoice because the client they didn't have the software imagine for instance a general company not limited responsibility they don't have the software to do the invoice but you may ask but they do have to make the invoice generally not because they do only the you know the small uh invoice without VT as if you go you know in a restaurant or in a bar but if a client go to the restaurants and say hello I'm in a trip uh for work I need the 10 people to hit here and I want an invoice they need to do the electronic invoice so the account they call the accountant in Italy and the accountant still do the invoice but the thing is this electronic invoice in my opinion is a good way to avoid that people want registered invoice and then then afterwards on a certain way they are more tracked so they have to pay taxes until now if you were a forfeit on a Ford fairy gym you didn't even know what is an electronic invoice I remind you that if you are a physical person in Italy or for 30g you can do the invoice as you want for instance in Belgium if you are there is no no specific format to do the invoice you don't there is no invoice but just to do a step back the electronic invoice is an electronic file that you send but of course then you can print and when you print the PDF because the accountant they have like or if you have a company you have the software you see what you send so for instance an invoice between Fausto cerel and Joe srl I sent the invoice with my software and when I look at my software I say I see the invoice sent the file is it's sent to the system at inters Cambio I can print it invoice and if I print the invoice actually it is a normal format like a normal invoice with the name code v80 rate etc etc as a normal invoice I'm not doing here a video to to describe the invoices so for the first regime it was not mandatory until until July 2022 because they said if you in the previous year invoiced more than 25 000 Euro you have to do the e-invoice so be aware because in Italy you have to do the invoice from now on beware that the limits for October 2022s or just one month ago you have 12 Day to do the invoice after you issued the services the service 12 day or you can do it on an extent on the 15th day of the next month so I do the invoice today let's let's say today is November 10 I don't know exactly let's say it's November 10 because I don't know when the video will be posted I have until the December 15 to do the invoice either I Do by the 12th day the the 12th day so November 10 November 22 or by the 15th day of the as I wrote and plus one month remember that if you are moving to Italy Now by December by January sorry 2024 you have to do the e-invoice anyway I want you to take notes on two things first ask your accountant how much does it cost to handle you to give you also this service second try to understand which software you can use to do the electronic invoice I can do maybe one video in the future about this how to do an invoice but for now just take notes and this is another obligation that you need to do when you move to Italy so till next time Italian accountant the best way we can support you is if you book now a tax assessment call if you don't know what is a tax assessment code you can book a free call with our English speaking partner Joe he moved in Italy from United States and is supporting us especially from people for for English-speaking people so if you want to understand more just click in the link below till next time again enjoy your stay in Europe [Music] foreign