source: Marco Mobili

220px-Italian_revenue_stamp_used_1935What has been introduced as an idea in 2006-2008 will start on January 1 2017, when all merchants in Italy will replace or upgrade their outdated fiscal cash registers with new and more conventional systems capable of producing digital receipts with electronic signatures to assure every transaction, whether it is B2C, B2B, G2B or private money transfers, will become traceable!

The first step will be the following. For retailers, artisans and professionals it will be mandatory to report their daily income to the Treasury. This rule will subsequently be extended to large retailers (supermarkets, superstores, shopping malls, discount markets) and to all retailers using vending machines.

The mandatory daily reporting won’t take place using only the one million cash registers spread all over the country. Electronic receipts, on the contrary, may run on new and more versatile devices, such as smartphones and tablets.

See more in: fiscal encyclopaedia

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