Indirect taxes

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Accountant Filippo as English speaking Italian chartered accountant, Commercialista,  will help you with with operating completely complying with VAT law and other Italian indirect tax.

Vat (Value added tax)

The standard VAT rate is 22%, with reduced rates of 4% and 10%.
Some services are exempt from VAT (e.g. banking and financial and insurance services, gaming and
gambling, the sale and lease of real estate, with some exceptions).
Other items benefit from zero-rated treatment (e.g. exports, intra-community supplies)
Some transactions are specifically excluded from the scope of VAT (e.g. the sale and the contribution in kind
of a going concern, the sale of non-buildable land, the sale of samples, the transfer of goods as a
consequence of a merger/demerger and similar transactions, etc.).
An annual VAT “communication” and a VAT return must be submitted electronically to the Italian tax
authorities, summarizing the transactions carried out during the previous year.

Real estate tax (I.M.U.)

The municipalities levy a tax on immovable property owned by a company, with the rate ranging from 0.4%
to 0.76%, and calculated on the basis of the cadastral value of the property.

Transfer tax

A certain number of Corporate acts and all contracts involving real property must be registered with the
Public Register. Other contracts can be registered voluntarily.
The Register Tax is generally a percentage of the value of the contract and it can vary from EUR 168 to 2%
of the rental fees or 4% of the sales price.

Stamp duty

Stamp duty is imposed on specific acts. The most common case is that of invoices (and receipts) issued for
transactions that are zero-rated (other than intra-EU supplies or exports) for VAT purposes and exceeding
EUR 77.47 per transaction; in this case, stamp duty of EUR 2 is applied on the invoice.
Bank statements are subject to stamp duty ranging from EUR 34.20 to EUR 100 per year. Stamp duty may
be paid by attaching a stamp on the relevant document, but it also can be paid electronically.

Customs and excise duties

Customs duties are levied on goods imported from outside the EU, and are collected by the Custom
authorities at the time of importation. The determination of the appropriate rate depends on the classification
of the imported goods, their origin and their value.
Excise duties are levied for supplies of specific goods such as gasoline and other fuels, tobacco, alcohol, gas
and electricity.

Accountant Filippo as English speaking Italian chartered accountant will help you just let us know what your needs are.

Feel free to contact us for more information.