As of June 6 2014, electronic invoicing will be mandatory for Italian ministries, the Tax Agency and state security bodies, as well as their suppliers. Other public agencies and their suppliers will have to join nine months later. So, the rollout of electronic invoicing in the Italian Public Sector will be completed by 31 March 2015.
The initial deadline for switchover completion was 6 June 2015, one year after the first stage was started up. However, the Decree-Law issued on 24 April in the Official Gazette brought this period forward two months.
Codice identificativo di gara (CIG) and Codice unico di Progetto (CUP)
One of the aims of this Italian government measure is to combat tax avoidance, thanks to the payment traceability guarantees provided by electronic billing. To ensure this monitoring, invoice receipts must include the Codice identificativo di gara (CIG) and Codice unico di Progetto (CUP) in the cases stipulated by law. In the event of failure to provide this data properly, as provided by law, the authorities may stop the payment of invoices.
Improving administrative tasks, boosting productivity and cutting costs are other objectives linked with the rollout of electronic invoicing. In fact, these advantages have made it one of the priorities of the Digital Agenda. The trend towards an increasingly paperless Public Administration is gaining ground throughout Europe. Neighbouring countries such as Portugal, France and Spain have also taken similar steps to those of Italy.
EDICOM, a solution that automates the entire process
At EDICOM, there are specialists in the rollout and development of electronic invoicing solutions worldwide. They have a cloud-based platform in line with the new legal requirements and adaptable both for SMEs and multinationals, as well as the Public Administration.
This solution enables users to totally automate not only the process of generating invoices for the Administration and their subsequent storage, but also their integration with the rest of the documents in the order and payment cycle.
For more information, click here or contact their sales team.
