As of 1 January 2021 the penalty amounts to 90 percent of the tax due for the unrecorded amount or the amount not submitted (with a minimum amount of EUR 500),
- if amounts are not recorded or submitted or in the event of late recording or submission; or
- if incomplete or untrue data are recorded or submitted. The above penalty is the same for each transaction;
- if electronic data acquisition devices do not work or if they work improperly. However, even if there are no omitted annotations, an administrative penalty ranging from EUR 250 to EUR 2,000 applies in the event of failure to request maintenance in due time or failure to have such devices periodically verified within the deadline set forth by law.
An administrative penalty of EUR 100 per transaction applies for the failure to submit data and/or for late submission of data or for the submission of incomplete or untrue data on daily proceeds pursuant to the Italian legislative decree 127/2015, if such infringement did not affect the correct settlement of tax. Section 12 of the Italian legislative decree 472/1997 does not apply.
An administrative penalty ranging from EUR 1,000 to EUR 4,000 (pursuant to section 2 (4) of the Italian legislative decree 127/2015) applies in the event of failure to install electronic data acquisition devices. Any alternative procedures that may be introduced under the implementing measures adopted by the Italian tax authority shall remain unaffected thereof.
A penalty ranging from EUR 3,000 to Euro 12,000 applies to those who tamper with electronic data acquisition devices or alter them in any other way and use them for tax avoidance purposes, once they have been tampered with or altered, or allow others to do so, unless a criminal offence has been committed.
One penalty only applies, if the infringement regards the recording or the submission of one transaction only.