How to manage the abolition of the esterometro?
Posted: Tue Jan 07, 2025 6:26 am
From 1 July 2022, the esterometro will be definitively abolished, used until now by many Italian companies as a means to document the transactions carried out with foreign countries to the Revenue Agency. In order to regularize their position with the Agency and the payment of VAT, from July onwards Italian companies will have to rely on electronic invoicing , using the new document types specifically prepared by the Revenue Agency.
Up until now, the use of the esterometro was possible as an alternative to australia whatsapp resource issuing an electronic invoice. From 1 July, it will be permanently shelved and then all companies will have to be able to use the specific document types made available by the Agency, which some already used on an optional basis. Specifically, the new document types allow you to issue an electronic self-invoice or integration, depending on the case, to be recorded in the appropriate VAT registers, incoming and outgoing, to correctly pay the tax due. Let's see how to do it, depending on whether we are in the position of suppliers or buyers, and which deadlines it is good to keep in mind.
When we have to issue an invoice to a foreign customer, the game is very simple: we will only have to issue a normal electronic invoice, using the usual method and respecting the timeframes for immediate or deferred invoicing. Instead of the recipient code, since it is a foreign subject, we will use the code of seven "x" , as indicated by the Revenue Agency: this will allow the Exchange System to understand that we are issuing an invoice intended for a non-resident subject. In the field relating to the Country ID we will enter the acronym corresponding to the country of residence of the transferee/client, while for the CAP we will use the conventional numeric code composed of five zeros, "00000".
Up until now, the use of the esterometro was possible as an alternative to australia whatsapp resource issuing an electronic invoice. From 1 July, it will be permanently shelved and then all companies will have to be able to use the specific document types made available by the Agency, which some already used on an optional basis. Specifically, the new document types allow you to issue an electronic self-invoice or integration, depending on the case, to be recorded in the appropriate VAT registers, incoming and outgoing, to correctly pay the tax due. Let's see how to do it, depending on whether we are in the position of suppliers or buyers, and which deadlines it is good to keep in mind.
When we have to issue an invoice to a foreign customer, the game is very simple: we will only have to issue a normal electronic invoice, using the usual method and respecting the timeframes for immediate or deferred invoicing. Instead of the recipient code, since it is a foreign subject, we will use the code of seven "x" , as indicated by the Revenue Agency: this will allow the Exchange System to understand that we are issuing an invoice intended for a non-resident subject. In the field relating to the Country ID we will enter the acronym corresponding to the country of residence of the transferee/client, while for the CAP we will use the conventional numeric code composed of five zeros, "00000".