The "self-invoice" is a particular fiscal document issued by the customer rather than the supplier or service provider, towards himself. This case differs from the normal invoicing rules as the sender and the recipient are the same.
Issuing a self-invoice is mandatory when a taxable person - a professional or a company that receives a service or buys an asset - is required to pay VAT and does not have the invoice associated with that purchase.
The data to be included in an auto-bill are the same as for an ordinary invoice.
It is mandatory in the following legal cases:
- for billing of corporate gifts;
- for personal use of goods purchased by the company but used by entrepreneurs (self-consumption);
- for "self-notification" to the Tax Agency for the purchase of an asset when the transferor has not issued or is unable to issue the related invoice.
1.BILLING OF CORPORATE GIFTS
It is the case in which a company wishes to give products to its customers, declaring the transfer of the assets to the Tax Agency without this resulting in an income.
In these cases, if the operation requires to recoup VAT, the entire amount will be reduced to just the amount of VAT or completely canceled in the case of non-compulsory VAT compensation.
If an entrepreneur uses a product for personal consumption or if the company loses possession of the property as a result of destruction or theft, the entrepreneur shall make a self-invoice related to the value of such goods.
In the event that a customer has not yet received an invoice from his supplier or from the service provider within 4 months, he can issue a self-invoice to regularize his passive position to the Tax Agency for what it concerns VAT liquidation.
With Finom you will have the possibility to send your auto-invoices in a simple and intuitive way, in full compliance with the law.
Try it now, and tell us about your experience!