moratorium hypothesis of the widest sanctions

Methods of implementing and keeping the electronic invoice [VIDEO] they put a heavy strain on Italian accounting firms. So much so that the Italian National Council of Accountants and Accountants, through its president Mbadimo Miani Senate finance committee on the tax decree, reportedly urged a government extension of the moratorium on sanctions well beyond 6 months established by the normative dictate. The request of the accountants would be to extend the moratorium for all the year 2019.

The CNDCEC proposal

To be clear, the CNDCEC would have proposed the total obsolescence provisions contained in theArticle 6 the Legislative Decree of 18 December 1997 No. 471 which expressly governs the sanctions related to the "violation of obligations relating to documentation, registration and identification of transactions subject to value added tax".

This, of course, only in the case where the electronic invoice has been issued tardily. And in any case respecting the provisions ofArticle 1, paragraph 1of the Presidential Decree 23 March 1998 No. 100. This decree regulates "VAT returns and periodic payments". More specifically, reference is made to the VAT return and the corresponding payment made by day 16 of each month. As a result, the CNDCEC proposal sets the deadline for transmission on the 16th of each month. If, for any reason, this term he should not be respected, the CNDCEC proposes to introduce some minimum penalties and leave to 20% ordinary ones.

In addition to this aspect, the CNDCEC suggests that the members of the Senate Finance Committee enter into force the electronic invoicingJanuary 1, 2019, progressively according to the different types of taxpayers.

And this in the bow of four years of 2019 to 2022. A final request from CNDCEC is the possibility of expanding to 15 days compared to the current ones 10 days, the deadline for issuing the electronic invoice from the moment the economic transaction is physically carried out. In fact, the 10-day term would be considered inadequate and insufficient especially during the summer period which coincides with the holidays and the closing of many professional companies and commercial establishments.

The hypothesis at the study by the government

For its part, the government [VIDEO]even with due regard to the demands of industry professionals, would be determined to start the electronic bill anyway from next month. January 1, 2019. In this respect, the rapporteur of the provision, Emiliano Fenu the M5S heard from the economic newspaper "Italia Oggi", specifies that there will be no postponement or extension of the beginning of electronic invoicing. On the other hand, he said, the Government would strive to minimize the start-up difficulties.

And that would coincide with some of the CNDCEC's requests. In fact, one might think of a moratorium higher than the 6 months for penalties or their total cancellation. Even if Fenu specifies that the government would not consider favorably a staggered application as suggested by the Italian accountants. Also, because the electronic bill is considered an extremely useful and effective tool against thetax evasion.