Italy IVA Return — LIPE & Dichiarazione IVA

Confirm the client holds a valid Partita IVA and is filing under the regime ordinario. Rule out regime forfettario (turnover below €85,000 flat-rate scheme), regime dei minimi, and split-payment (scissione dei pagamenti) situations, all of which fall outside this workflow. Establish the filing frequency (monthly or quarterly) and the period to be covered.

Gather all sales invoices (fatture emesse) and purchase invoices (fatture di acquisto) transmitted through the Sistema di Interscambio (SDI), plus the bank statement for the period. Cross-check the SDI extract against the bank statement to catch any invoices not yet paid or any bank receipts missing a corresponding fattura elettronica.

Classify every transaction into the correct IVA treatment: domestic sales at 22%/10%/5%/4%, non-taxable intra-EU and export supplies (non imponibili), exempt supplies (esenti Art. 10), and reverse-charge receipts (inversione contabile) for EU services (VP3/VP10) and non-EU services (VP11/VP12). Apply blocked-input rules under Art. 19-bis1 DPR 633/72: motor vehicles at 40%, phone/telecoms at 50%, entertainment only with fattura, and capital goods threshold of €516.46 net.

Aggregate classified transactions into the LIPE fields: VP2 (taxable sales), VP3 (EU purchases inversione contabile), VP4 (output IVA), VP5 (deductible input IVA), VP6 (net IVA payable or creditable), and VP7 (prior period credit carried forward). For quarterly filers, add the 1% quarterly interest surcharge on net IVA payable (Art. 7 DPR 542/99). Submit the LIPE via the Fisconline or Entratel portal of Agenzia delle Entrate by the deadline: 31 May (Q1), 16 September (Q2), 30 November (Q3); Q4 is included in the annual Dichiarazione IVA.

At year-end, reconcile all four quarterly LIPEs into the annual Dichiarazione IVA (filed separately from the income tax return, deadline 30 April of the following year). Verify that the total output IVA and input IVA across all quarterly LIPEs agrees with the annual totals, account for any capital-goods adjustment period (rettifica della detrazione, Art. 19-bis2 DPR 633/72) for assets capitalised above €516.46, and confirm the carry-forward position or final annual IVA balance payable.