Invoicing in Italy

[#1]

Hello, after some years here I still have doubts about invoicing.
I'm in "Regime Forfettario". My accountant actually makes me create an invoice to Upwork each time I get a payment.
It's quite tedious every time as I need to report on the invoice my total earnings, the subtracted Upwork fee and the result.
Everytime I need to send him the Upwork fees documents (with everchanging $ to €) and on that amount I pay 22% IVA.
Armin summarize it perfecty Taxation and Final Earnings - be careful in Europe 

Can someone else confirm it is the correct process? 

As I download each transition document about the Upwork fees, convert one by one $ to € and send them to my accountant, with the invoice to receive an F24 to pay. Is there any faster way to get the sum of the Upwork fees from last payment to the new one?

#regimeforfettario #italia #fatturazione #gestioneseparataINPS

[#2]

I just create an electronic invoice with the net amount I receive in my bank account. Very straightforward.

[#3]

Yeah, it would be lovely for me too. I actually spend an entire afternoon each time I need to create Upwork invoices 😂 My accountant require me to pay taxation on Upwork fees, but that's never been really clear to me. Someone does and someone doesn't. 

[#4]

My accountant tells me I am required to pay taxes only on effective earnings in euros - after platform, transfer and conversion fees. It makes sense to me not to pay taxes on money that I never received because they got "lost" along the way.

[#5]

Our accountants disagree with each other on this.
While I totally agree with you the issue remains unfortunately. This article from nomadidigitali, seems to explain that probably: https://www.nomadidigitali.it/amministrazione-fisco-e-finanze/fatturazione-su-upwork-come-funziona/#....
You don't have to pay that VAT on your own if you didn't insert your VAT code on your Upwork profile, as the site do that. If I correctly understand.

[#6]

Hey girls, two years later. I'm having the same issue. Can I just create the electronic invoice from what I received in my bank account? @elisa B you had any troubles after that? 

[#7]

I issue electronic invoices based on the invoices I download from Upwork.

[#8]

I now use my accountant software for electronic invoicing.
From the 10% consistent fees update I do this way: when I receive the € processed payment email from Upwork, I insert the number in electronic invoice as total. From that number I deduce mathematically the fees and initial amount. It was crazy checking one by one all the UW invoices before.

I actually don't know which one of our accountants is right but I keep doing this way to avoid issues, as I fear them even more with electronic invoicing.

[#9]

You don't have to download your invoices one by one, you can simply download a CSV file and make totals for each client accordingly.

Then you should put these totals (converted in euros) in your invoices, and unfortunately pay taxes also on the 10% withheld from the platform, and the % taken by the payment service provider. Those are considered business expenses.

With the DAC7 coming our way, my accountant checked and told me this is the right approach. Maybe your accountant thinks differently, who knows. There is still uncertainty about the subject.

[#10]

Yes, actually my accountant still doesn't agree. Hope the DAC7 docs will make it all clearer!