Italy - Electronic List Of Transactions Greater Than 3,000.00 EUR File For REL. 12 AND REL. 11I (Italian DL art. 21 n. 78, Law Prot. n. 2010/184182) (Doc ID 1353438.1)

Last updated on SEPTEMBER 14, 2016

Applies to:

Oracle Financials for EMEA - Version 12.0.4 and later
Information in this document applies to any platform.

Goal

Basing on Italian Decree n. 78 of May 31, 2010, art. 21. and Italian Tax Authority Provision n. 2010/184182, the Italian government enforce all businesses subject to VAT to provide the list of transactions by electronic means on yearly basis.
The list of transactions must be provided according to the technical standard defined by Italian Tax Authority.

All B2B and B2C transactions of O2C and P2P cycles must be listed apart the following transactions to be excluded: importation, exportation listed in a, b of article 8 of VAT law (Republic Presidential Decree 633/1972) and transactions included in the Black List Declaration.
The transactions to be transmitted must be greater than 3,000.00 Euros.

Should not the electronic file be transmitted, the businesses subject to VAT must have to pay the penalties. The penalties amount is between 258 Euros and 2066 Euros.

Is there any plan/ER for implementation and when it will be available?


Solution

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