Tuesday 20th November, 2018
Tungsten Network has completed final testing with the Italian tax authority, the Sistema di Interscambio (SdI) to become a fully registered intermediary for B2B e-invoicing in the country.
In March, the Italian government announced that all businesses registered in Italy will be required to send invoices and associated documents electronically via the SdI with effect from 1 January 2019.
The legislation aims to improve efficiencies and enhance tax revenues in Italian business-to-business transactions, requiring companies to alter their procure-to-pay processes in order to issue invoices. This follows the introduction of mandatory business-to-government e-invoicing in 2014 for suppliers to public administrative and government bodies.
With full SdI intermediary registration Tungsten Network customers are able to use the Tungsten Network platform to send and receive electronic invoicing documents via the SdI. Most of the company’s customers have already chosen Tungsten Network as their preferred intermediary in Italy, including General Electric, GlaxoSmithKline and Nestlé.