In the context of the reverse charge procedure, the obligations relating to supplies of goods and services effected in Italy by non-resident taxable persons to taxable persons established in Italy are fulfilled by Italy. The recipient of the goods and/or services must enter the invoice received from the EU supplier or, in the case of a third-party supplier, issue a self-invoice and enter it in the VAT and VAT purchases register within a defined period. In addition, it should be noted that from 1. January 2021 following the transposition of Article 14a of Directive 2006/112/EC in Italy, where a taxable person allows the distance marketing of mobile phones, game consoles, tablets and laptops through the use of an electronic interface such as a virtual marketplace, platform, portal or similar means: some places have a minimum purchase price for which a VAT refund may be claimed, or certain types of purchases, which cannot be exempt from tax. A VAT refund of up to 20.00% of your total expenses can be refunded for eligible purchases. VAT and VAT refund regulations vary by country and region, so you should inquire in advance before waiting for an Italian VAT refund. The aforementioned taxable persons are liable for the VAT due on distance sales made via marketplaces for which they have not provided or incompletely provided certain data specified by law, unless they can prove that the VAT has been paid by the supplier. VAT is a VAT that applies to the purchase of most goods and services and must be collected by the trader and presented to the Italian tax authorities. VAT on goods and services in Italy is a value added tax (VAT). In Italy, there are three types of VAT: standard rates, reduced rates and sharply reduced rates. Each rate is applied to a class of goods and services. Our financial calculators start with default values to suggest what typically needs to be entered in each editable field that appears as blue text boxes to simulate a common scenario.
Please change these values with your own. To keep track of your changes, the blue box turns gray after they have been modified. Businesses in Italy are required to charge 20.00% VAT on behalf of the government, which they must submit to the competent Italian tax service in a regular VAT return. Unlike U.S. sales tax, which is only levied on sales to end-users, VAT is levied on all sales, including raw materials. In order to combat tax avoidance in e-commerce and reduce the VAT gap, a new specific compliance obligation for taxable persons has been introduced, facilitating the distance selling of imported goods or the distance selling of goods within the European Union (EU) through the use of an electronic interface such as a virtual marketplace, a platform, portal or similar means (i.e. marketplaces). Starting in fiscal 2020, businesses will levy a 3% tax on the value of certain digital services, less VAT and other indirect taxes. From 1 January 2019, the European rules of the VAT group will apply, provided that the option has been chosen by 15 November 2018 at the latest (for subsequent years, the deadline for VAT groups for the following year is 30 September; if the option is chosen, from 1 October to 31 October. December, the VAT group enters into force from the second following year). The Italian tax authorities provide a payment service and an F24 project in the reserved area Fatture e Corrispettivi of the tax box (Cassetto Fiscale) with an indication of the stamp duty due (determined on the basis of the „DatiBollo“ of the Tax Box in box 188.8.131.52 of. XML invoice).
For electronic invoices sent to SDL, stamp duty must be paid quarterly based on calculations provided by the Italian tax authorities. From 23 October 2018, the European rules of the VAT Group will also apply to persons subject to VAT obligations established in Italy who participate in a cooperative banking group (Gruppo Bancario Cooperativo). In this case, the group will take effect from 1 January 2019 if the option was chosen no later than 31 December 2018, or from 1 July 2019 if the option is selected before 30 December 2019. April 2019. Until the end of the month following each quarter, the abovementioned taxable persons are required to provide certain information on the supplies made by each supplier through the abovementioned marketplaces. The first reduced VAT rate (10%) applies to water supply, passenger transport, entry to cultural and sporting events, hotels, restaurants, certain foods. For self-employed workers who do not hold a VAT identification number and who are not insured by a compulsory private pension fund, Law 335/95 is introduced, which obliges people to register with the INPS in a „separate social security system“. This system is intended for three different tariffs.
This possibility is not foreseen (as already introduced from 2017) for invoices received in the context of transactions carried out during the previous year. In this case, VAT must be deducted from the year in which the invoice was received. From 23 October 2018, the right to deduct input VAT paid on the vat settlement date may be advanced for purchase invoices received and recorded in the 15th month following the month in which the transaction is carried out. With regard to the VAT treatment of cultural, artistic, sporting, scientific, educational, leisure and similar services, VAT is due in the country where the activities were physically carried out for B2C activities, and VAT is due in the beneficiary`s country for B2B activities other than authorisation. In the case of B2B services in terms of admission, the place of delivery is where the events take place. All percentages correspond to the maximum limit of €101,427 set by law in 2017. As a general rule (with the exception of natural gas and hard coal, coke and lignite), the corresponding excise duty on excise goods released for consumption in one month must be paid by the 16th day of the following month at the latest. Please change the suggested values with your own amounts in the blue text boxes. The application of a reduced or zero duty may even depend on the existence of preferential tariff treatment or the existence of a special legal exemption for any type of goods.
The Italian wealth tax on immovable property (Imposta sul valore degli immobile situati all`estero or IVIE) held outside Italy by a person considered to be an Italian tax resident has been introduced in Italy. The wealth tax due is proportional to the percentage of ownership and the size of the property. The applicable tax rate is 0.76%. No IVIE is due if the tax is less than 200 euros; otherwise, the full amount IVIE is due. Special provisions apply to persons with disabilities.  In addition, specific rules are established for certain services provided to final customers established outside the European Union. Even if we consider the obligation of mandatory electronic invoicing for the supply of goods or services provided between persons resident or established in Italy, there are specific ways of paying stamp duty. However, the charts in our old calculators aren`t automatically updated, so if there`s a „Refresh“ button next to the chart, click on it after making a change before analyzing it. The obligation to remember and transmit the data of the considerations has come into effect: you will also notice that our calculators behave like financial applications and automatically recalculate all the values with each change, instead of having to click an additional button or access a new results page, this is intended and helps to understand the impact of a change on the overall result in a more dynamic and instantaneous way. The sharply reduced VAT rate (4%) applies to licences for television, newspapers, magazines, books, medical equipment for the disabled. Italy has the largest number of „major tax evaders“ in Europe, which according to estimated figures has tax evasion at more than €180 billion.
On the other hand, evasion is sometimes seen by fraudsters as the best way to guarantee the right to defend against the state`s alleged excessive tax claim.  The transmission of regular VAT balances for the fourth quarter, where the relevant data are also included in the annual VAT return. In this case, the annual VAT return must be submitted before the end of February of the following year (e.B. the notification of the fourth quarter of 2019 can be avoided if the corresponding data is included in the 2019 VAT return to be submitted before the end of February 2020; the standard deadline for the annual VAT return would be April 2020). . . .
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