Italian 2026 Finance Law – Key Tax Measures: Reduced Tax Rate for Middle Incomes | Flat-tax/HNWI“new-resident” regime adjustments (for high net-worth individuals) | Incentives / “flat tax” regimes for employment income| Continued incentives for investments and capital goods (businesses) | Tax-collection and “fiscal-relief” measures: debt-collection amortization, freeze for property-transfer taxes | Tax treatment of dividends, capital gains, and financial income | Sectors/Special Taxes: financial intermediaries, “windfall” taxes, bank levy
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VAT Invoice Codes

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Transaction Scenario Internal VAT Code SDI Natura Code VAT Shown on Invoice? Practical Notes Recommended Invoice Wording (English) Recommended Invoice Wording (Italian)
Italy – Domestic taxable supply (services) (B2B/B2C) IT_22 / IT_10 / IT_5 / IT_4 Yes – Italian VAT charged Complete VAT rate and VAT amount fields. Natura must be empty. VAT charged pursuant to Italian VAT Law (DPR 633/1972), Art. 1. Operazione imponibile IVA (aliquota XX%).
Italy – Domestic taxable supply (goods) (B2B/B2C) IT_22 / IT_10 / IT_5 / IT_4 Yes – Italian VAT charged Complete VAT rate and VAT amount fields. Natura must be empty. VAT charged pursuant to Italian VAT Law (DPR 633/1972), Art. 1. Operazione imponibile IVA (aliquota XX%).
Italy – Exempt transaction (typically services) IT_EXEMPT N4 No Only use where the exemption strictly applies (Art. 10 categories). VAT-exempt transaction pursuant to Art. 10 DPR 633/1972. Operazione esente IVA ai sensi dell’art. 10 DPR 633/1972.
Italy – Domestic reverse charge (typically services/sectors) IT_RC N6.x / N6.9 No Select the correct N6 subcode, or use N6.9 for other cases. Reverse charge applies pursuant to Art. 17 DPR 633/1972. Operazione soggetta a inversione contabile (reverse charge) ai sensi dell’art. 17 DPR 633/1972.
Italy – Amounts excluded under Art. 15 IT_ART15 N1 No Typically disbursements paid in the name and on behalf of the client (Art. 15 conditions must be met). Amounts excluded from VAT pursuant to Art. 15 DPR 633/1972. Somme escluse da IVA ai sensi dell’art. 15 DPR 633/1972.
EU – B2B services (general rule) EU_B2B_SERV N2.1 No Customer VAT number required and should be VIES validated. Supply of services outside the scope of Italian VAT pursuant to Art. 7-ter DPR 633/1972. Reverse charge applies. Operazione non soggetta a IVA ai sensi dell’art. 7-ter DPR 633/1972 – inversione contabile a carico del committente.
EU – Intra-Community supply of goods (B2B) EU_B2B_GOODS N3.2 No Proof of transport required; customer VAT ID required/validated. Intra-Community supply of goods – VAT not chargeable pursuant to Art. 41 DL 331/1993. Operazione non imponibile – cessione intracomunitaria (art. 41 DL 331/1993).
EU – Distance sale of goods (OSS regime) EU_B2C_OSS_GOODS Yes – VAT at destination country rate Natura not required if VAT is shown (VAT rate/amount must be populated). VAT applied in the Member State of destination under the OSS regime (if applicable). IVA applicata secondo il Paese di destinazione – regime OSS (se applicabile).
EU – Digital services (TTE) B2C – VAT paid in other EU State EU_B2C_TTE N7 No (Italy) N7 is specific for TTE services where VAT is due/paid in another EU Member State under OSS/MOSS. VAT accounted for in another EU Member State under OSS/MOSS scheme. IVA assolta in altro Stato UE (servizi TTE) – regime OSS/MOSS ove applicabile.
Non-EU – Export of goods EX_GOODS N3.1 No Customs export evidence required (e.g., MRN / proof of exit). Export of goods – VAT not chargeable pursuant to Art. 8 DPR 633/1972. Operazione non imponibile – esportazione (art. 8 DPR 633/1972).
Non-EU – B2B services (general rule) EX_B2B_SERV N2.1 No Confirm customer qualifies as a taxable person (best effort / documentation). Supply of services outside the scope of Italian VAT pursuant to Art. 7-ter DPR 633/1972. Operazione non soggetta a IVA ai sensi dell’art. 7-ter DPR 633/1972.
Outside scope – Other cases OUT_SCOPE N2.2 No Used where the transaction is not territorially relevant in Italy (cite the applicable rule). Transaction outside the scope of Italian VAT (refer to applicable provision). Operazione fuori campo IVA / non soggetta – (indicare riferimento normativo applicabile).
Margin scheme / VAT not shown MARGIN N5 No Used for margin schemes (second-hand goods, travel agents, etc.) where applicable. Margin scheme – VAT not shown on invoice pursuant to applicable Italian VAT provisions. Regime del margine / IVA non esposta in fattura (indicare riferimento del regime applicato).