Fiscal Receipt and Electronic Receipt

Tax receipt and electronic receipt, what should we expect?

Tax receipt and electronic receipt. A business or self-employment activity involves the need to produce a tax document. This must certify the amount received as compensation. This document can be an invoice or a tax receipt. In any case it is necessary for any type of performance.

Let's now see specifically what it is

Tax receipt and electronic receipt

The famous tax receipt is a document, issued by merchants, which describes the good sold or the service performed and the consideration received. It does not contain the breakdown of VAT or the references of the person making the payment. The tax receipt is issued instead of the receipt. This occurs unless the customer specifically requests an invoice. The tax receipt is generally completed in duplicate, on pre-printed documents with progressive numbering and all the tax references of the issuing entity. The law allows the merchant to choose between issuing a receipt or receipt or both. In e-commerce transactions the document is called a purchase receipt.

The invoice, on the other hand, is a fiscal document that is issued to VAT holders, it contains the tax data of both the person who issues it and the person who pays it. When you find yourself having to pay for an occasional service (up to 5 thousand euros per year there is no need to have a VAT number) you simply need to fill out a simple receipt. However, it is essential to report the amount net of withholding tax at 20%, specifying the occasional service performed.

So what does the situation look like regarding the tax receipt and the electronic receipt, what should we expect?

Tax receipt and electronic receipt

We recently had to deal with the debut at the beginning of 2019 of the electronic invoice obligation in transactions between "private individuals". From 1 July 2019 the Revenue Agency has confirmed that it will no longer be possible to issue paper receipts or receipts. In fact, the fees received are now documented through the transmission of daily data and using electronic storage.

The customer is issued a document valid for tax purposes integrated with the buyer's tax code or VAT number. Receipts will also be sent online to the Revenue Agency. The obligation is immediately valid for taxpayers with a turnover exceeding 400 thousand euros. Starting from 1 January 2020, however, the obligation will be extended to all other subjects. To comply with these measures, taken in order to combat tax evasion, it will be necessary to obtain suitable Telematic Recorders which will obviously involve a cost.

Tax receipt and electronic receipt

However, don't panic, it is possible to gradually move towards these changes. You will be assessed based on the type of business and possible web connectivity difficulties in the area in which you operate. For the two-year period 2019-2020, traders will be able to benefit from a contribution equal to 50% of the expenditure incurred. It can be obtained within the limit of 50 euros in the case of adapting a recorder already owned, and 250 euros if making a new purchase.

Tax receipt and electronic receipt

For the specifications regarding the transition from the cash register to the electronic one it is necessary to read the provision of the Revenue Agency n. 182017/2016 having all the necessary technical characteristics. The operations that require certification via commercial document are made known by the Art. 22 Presidential Decree 633-1972 (Retail trade and similar activities).