VAT registers are used to record all VAT-relevant transactions and form the basis for:
The following three registers must be kept:
This register records issued invoices in sequential order.
The mandatory details for each invoice are:
This register mainly concerns transactions with final consumers for which no invoice is normally issued, such as in retail trade or the catering sector. Individual transactions are not recorded; instead, the total daily amount is registered.
The mandatory details per day are:
The purchase register documents incoming invoices.
The mandatory details for each purchase invoice are:
All VAT-liable businesses and self-employed professionals must keep the VAT registers, regardless of whether they use the ordinary or simplified accounting system. Exceptions apply, among others, to taxpayers under the flat-rate scheme (regime forfettario).
These registers must be kept by the tax advisor and presented to the tax authorities upon request.