Key Features for Compliant Italian Invoices
To ensure your invoices comply with Italian regulations, specific legal elements must be included. For businesses, the Partita IVA (VAT number), an 11-digit numerical code, is mandatory for both the supplier and the customer. For individual customers, their Codice Fiscale (fiscal code), a 16-alphanumeric character code, must be present.
Italian VAT compliance requires invoices to be formatted in the FatturaPA XML schema. Key details include:
- Issue date and a unique, sequential invoice number.
- Full details of the supplier and customer, including their names, addresses, and respective Partita IVA or Codice Fiscale.
- A clear description, quantity, and unit price of goods or services.
- The taxable amount, applicable VAT rate (e.g., standard 22%, reduced 4%, 5%, or 10%), the VAT amount, and the total amount due.
- While invoices can be issued in other currencies, the VAT amount and taxable amount must always be expressed in Euros.