A Close Look at the SDI in Italy

 In Italy, electronic invoicing is a common practice.

It is currently working to digitize B2B invoices. Any company that issues invoices for third parties must submit them online to the central SDI Italy website (Sistema di Interscambio) starting January 1, 2019. How does it work? What are the steps involved in the submission process We will provide all the technical information necessary to create and send electronic invoices in Italian.

 

 

Who is it meant for? How large is it?

Online invoices are required for suppliers of hydrocarbons (natural gasoline, oil) as well as businesses that rely upon subcontractors to respond in public tenders. Any company must comply with the public authority relationship (a relationship between companies) starting January 1, 2019, regardless of their business model (B2B/B2C).

SDI (Standard Definition Index).

An electronic mechanism to verify and transmit invoices electronically. In Italy, the SDI (Sistema di Interscambio), allows invoices to be electronically approved and sent to their intended recipients. The Agenzia delle Entrate oversees the operation. This agency oversees tax compliance.

An invoice that has been received on the SDI must be reviewed and verified for validity before it is sent to the recipient. The issuer will be notified if the invoice fails to meet the technical requirements for digitisation. Only the invoice will be valid. It does not contain any information. The SDI cannot validate the invoice and add it to the payment circuit.

Invoices sent electronically:Submission and formatting

Technical specifications stipulate that electronic invoices sent via the SDI must use XML (eXtensible Markup Language).

You can sign and attach files. However, files must not exceed 5MB in file size

There are many options for sending invoices via the SDI:

1. Each invoice needs one XML file

2. A batch of bills can be handled by one XML file.

3. One or more XML files can be included in a ZIP file. Instead of the archive, the SDI sends decompressed files directly to recipients.

How are electronic invoices delivered?

Transmission channels for issuers

There are many ways to send files to the SDI.

*The PEC Service allows users send files, verify their integrity and verify transmission dates.

*The SdICoop Web Service collaborates using secure hypertext protocol, (HTTPS), which permits you to send multiple files of up to 30MB to a verified email address.

One file per transmission is allowed. It must not exceed 5MB in size.

This service is highly recommended for small businesses.

*The SdIFtp Service (file transfer protocol) is an FTP-based service for data transport (file transfer protocol).

It is intended for larger businesses and can send multiple files up to 150MB.

*Fatturapa allows the transfer of files from one website. You need an Entratel login or Fisconline login to access it.

Transmission from the perspective of the recipient

To ensure that the invoice receiver receives the file, the SDI must be identified when it is sent to them.

Many scenarios could happen:

1. The SDI keeps track of the receiver and assigns him/her a unique address.

2. If so, the electronic invoice issuer will need to provide either an SDI or a PEC recipient code.

3. In a B2C scenario, the invoice issuer will need to enter the receiver code 0000000. The SDI will promptly transfer the invoice to the portal. The SDI will send the invoice to the recipient either electronically or in printed form.

What are the differences in e-invoicing between B2G & B2B?

Do you prefer to accept or reject invoices?

In a B2G setting, the public administration may reject an invoice. A B2B situation allows the public administration to reject an invoice that has not been verified by SDI if the recipient has retained VAT verification. An error can be corrected by requesting a credit slip or credit card note.

Electronic signatures

Every invoice must be electronically signed in a B2G setting. B2B transactions are exempt from this requirement.

Register for the sdi italy

To submit bills, public agencies must register with the SDI. B2B companies are exempt from this registration requirement. B2G e invoicing regulations are applicable to more than 5 million European companies.

1.5 billion dollars are saved annually. This legislation will be influenced even more by the extension of this responsibility to B2B Italy. You must process all electronic invoices that you receive if you issue a value invoice. Businesses can automate the processing of invoices by using an electronic invoice management software.


Related searches: The GST E-Invoicing Process in India
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