Flat-rate regime, to which VAT applies: let’s clarify the rules

Even if the electronic invoicing obligation is effective from July 1, 2022 for taxpayers on a flat-rate basis, the tax simplifications assigned to this preferential system do not change. Including those related to value added tax.

To extend the commitment digital invoice Also at a constant rate, remember, is Decree Law 36 of 2022 (called PNRR Decree 2). In detail, the judgment indicates that, From July 1, 2022Package rates which, with reference to the previous fiscal year, have generated revenue/fees greater than €25,000, also become required to submit an electronic invoice.

From January 1, 2024 The obligation will then affect all those who work on a fixed price basis, regardless of the amount of income/fees.

Thus, taxpayers under an adequate regime whose amount of receipts/premiums does not exceed 25,000 euros will be able to continue to issue paper invoices until 31 December 2023.

Flat rate, VAT rules do not change

The electronic invoicing commitment will relate to the effects of the fixed price system on accounting. In particular, it will also follow:

  • Obligation to receive (purchase) invoices electronically
  • Commitment to electronic storage of invoices issued and received.
  • Stamp duty payment methods will change on invoices over €77.42. You must pay electronically (quarterly).

no consequences in The subject of value added tax. On the Billing we will continue do not worthy VAT request. There is no obligation to file a VAT return and LIPE communications.

The seller (who in turn is not at a fixed price) if he sells at a fixed price (or advantage) applies VAT to the price fixed for this transaction (4%, 5%, 10% or 22%). However, it is always understood that the fixed price cannot be discounted VAT on purchases Because in the invoices issued, as mentioned, it does not indicate the value added tax.

Richard L. Militello