Italian resident or established businesses have, since 2013, been able to issue simplified invoices for transactions below EUR 100 in lieu of full VAT invoices. Now, Italy has increased this threshold to EUR 400 as of 24th May 2019.
Simplified invoices contain more limited information than full invoices. Increasing this threshold should remove some administrative burdens from those affected businesses.
Contact our VAT experts now and find out how this change could affect your business.