Effective 1 January 2027, San Marino’s Decree Delegated No. 144 (24 September 2026) makes the telematic certification of revenues mandatory for merchants participating in the Smac Card circuit. The decree implements the combined reading of Article 12 of Law No. 166/2013 and subsequent amendments, establishing the technical specifications, transmission deadlines, and cost-sharing mechanisms for the digital certification platform. This measure extends the existing electronic invoicing infrastructure to the specific retail payment ecosystem, aiming to combat VAT evasion in the tourism and retail sectors.
Key Takeaways
- Mandatory Digital Certification: All Smac Card merchants must transmit daily revenue data to the tax authority via a certified telematic system, replacing manual fiscal receipts.
- Cost Allocation: The decree defines the cost-sharing model between the state, the Smac Card consortium, and merchants for the platform’s development and maintenance.
- Penalties for Non-Compliance: Failure to certify revenues telematically will attract administrative fines proportional to the omitted amounts, with potential suspension from the Smac Card circuit.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement