In Italy, from 1st July 2018 on, the sales of petrol and diesel
to VAT owners will be justified exclusively by the electronic invoices.
From July, therefore, getting
petrol or diesel from the road distributor, to deduct cost and VAT, the VAT owners
must request an electronic invoice; the fuel paper will no longer have any tax
value.
Moreover, from 1st July,
in order to deduct the cost and the VAT related to fuel, every VAT owner must
pay by credit or debit card. Payment by cash will be obviously accepted by the petrol
station but It will not be recognized for tax purposes.
I must point out that the
credit or the debit card must be related to the name of the VAT owner that buys
the fuel. If a professional gets petrol or diesel on the motorway and the
credit card’s owner is, for instance, the wife, he will not be able to deduct
the cost and the VAT.
The electronic invoice
will be issued in Xml format and sent through the Interchange System and then
kept for ten years in the appropriate cloud.
Today, who pays only by
credit or debit card can use the credit card balance in place of the fuel paper
as a useful document for the deduction of cost and VAT. From the literal tenor
of the norm, however, it is conceivable that this can no longer be done. We all
hope that clarity will be made on this last point of my article.
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