What is Partita IVA and Codice Fiscale?
The partita IVA is the 11-digit Italian VAT number. The codice fiscale has 11 digits for companies and 16 alphanumeric characters for people. The codice destinatario used for e-invoicing has 7 characters.
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Example
A company has an 11-digit partita IVA and an 11-digit codice fiscale. Its owner has a 16-character personal codice fiscale. The company gives customers a 7-character codice destinatario to receive e-invoices.
How Partita IVA and Codice Fiscale works in Italy
Formation goes through the Comunicazione Unica (ComUnica), which also assigns the codice fiscale and partita IVA. A PEC, a certified email address, is mandatory for companies. The Registro Imprese is run by the Camere di Commercio through InfoCamere.
Finn checks that an identifier has the right length before it saves it, and asks for a PEC and a codice destinatario.
Related terms
The Sistema di Interscambio (SDI) is the Agenzia delle Entrate platform through which every Italian e-invoice travels. E-invoicing through SDI is mandatory for every partita IVA holder, including forfettari. An invoice legally exists only once it has been transmitted to SDI.
The SRL (società a responsabilità limitata) is the default Italian company form. Share capital can be as low as €1, and below €10,000 it must be paid in full in cash. The SRLS (SRL semplificata) is open to natural persons only.
The bilancio d'esercizio is the annual accounts of an Italian company. The shareholders approve it within 120 days of year-end, or within 180 days where the bylaws give a reason, and it is deposited at the Registro Imprese within 30 days of approval.
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