Feb 27 • 10:51 UTC 🇮🇹 Italy Il Giornale

From March, it will no longer be necessary to keep Pos receipts, here's why

Beginning in March, the obligation to keep Pos receipts for ten years will be abolished, as part of a broader effort to reduce bureaucracy in Italy.

A new decree approved in January as part of Italy's Pnrr (National Recovery and Resilience Plan) introduces significant changes regarding the preservation of Pos receipts. Previously, receipts issued via Pos had to be retained for ten years, aligning with the period for record-keeping, but this requirement will cease to exist starting March. The decree recognizes that a Pos receipt serves as proof of payment but does not constitute an invoice necessary for income declarations.

In addition to eliminating the long-term storage of Pos receipts, the Italian Revenue Agency (Agenzia delle Entrate) is set to implement a new feature that will allow the pairing of Pos terminals with cash registers. This development aims to enhance the traceability of transactions, making it easier for businesses and consumers to maintain accurate records. As financial regulations evolve, such innovations in technology will support transparency in fiscal matters.

The implications of these changes are significant for both consumers and businesses in Italy. By streamlining the requirements for document retention, the government seeks to reduce bureaucratic burdens that have long hampered financial operations. This measure is part of a broader strategy to enhance efficiency and stimulate economic recovery, encouraging more seamless financial transactions in the digital age.

📡 Similar Coverage