Understanding Electronic Listing

On 22 October 2016, the Italian Government issued a law decree that introduced the following changes:

• The payable and receivable invoice information must be submitted to the Revenue Agency electronically.

• The legal requirements for Customer and Supplier Listing Declaration ('Spesometro'), Black List Declaration for the transactions with blacklisted countries, and the Republic of San Marino Purchases Declaration are obsolete.

The new law is applicable from 1 January 2017. The electronic transmission must be done for each quarter with an exception for the year 2017. The date for submitting the electronic transmission for the year 2017 is mentioned below:

• For the period January - June, the file must be submitted by 16 September 2017.

• For the period July - December, the file must be submitted by 28 February 2018.