Understanding the Yearly List (Spesometro) Declaration

Note: The JD Edwards EnterpriseOne software for Italy supports the completion of the fields required for tax payers that are companies. The software does not complete the fields in the text file when the tax payer is an individual.

You must report these transactions annually in the Yearly List (Spesometro):

• Sales and purchases of goods and services documented by an invoice.

• Sales and purchases of goods and services for which the invoice is not required if the total gross amount of each transaction is over a threshold amount and if they are not paid by credit card, debit card, prepaid cards or checks.

  You set processing options to specify the threshold amounts for business to consumer (B2C) transactions with and without invoices.

• Purchases from subjects resident in the Republic of San Marino.

• Transactions with subjects resident in tax haven countries listed in a Black List maintained by the Italian Tax Authorities.

You must include in the Multi-Purpose VAT Communication this information about your customers and suppliers:

• Company tax ID.

• Company additional tax ID.

• Supplier and customer tax ID information.

• Intermediary information, if applicable.

• Total taxable amount of the transactions in the period.

• Total tax amount, based on the total taxable amount.

• Adjustments to vouchers and invoices, including the date, taxable amount, and tax amount of the adjustment.

When you generate the Multi-Purpose VAT Communication, the system:

• Generates an audit report in summary or detail mode.

• Creates batches in the text file processor tables that you can transfer to the media that you use to submit the Multi-Purpose VAT Communication.