for foreign Customers resident or Non-resident in Italy.
Our advisors will provide assistance and fiscal, legal and administrative advice on applications such as:
- Italian tax code;
- Italian Income Tax return;
- Real estate taxes;
- Taxation of financial incomes....
Phone Number: +39 06 94801414
THE VAT NUMBER
The VAT number identifies, the taxpayer who carries out an economic activity in all his dealings with Public Authorities, Administrations and economic operators.
The VAT number is issued by the Revenue office upon setting up VAT status and remains the same until your business ceases to be. It must be shown on tax returns and any other document when requested.
STARTING UP A BUSINESS
Anyone who carries on a business, art or profession must apply for a VAT NUMBER from the local Revenue office by submitting the special business start-up declaration within 30 days from the business start-up date or upon establishment of the company, following the instructions attached to the form. The forms used to notify the start of the business activity are available on the Agenzia delle Entrate web site (www.agenziaentrate.gov.it).
The business start-up notification may be submitted:
■ directly to a local Revenue office, in duplicate, exhibiting an identity document;
■ by post as registered letter, in single copy, enclosing a copy of an identity document;
■by Internet through the on line services on www.agenziaentrate.gov.it (after requesting a PIN code directly from the Revenue office or through the web site http://fisconline.agenziaentrate.it) or through a certified intermediary; pr
■ to the Registrar of Companies at the Chamber of Commerce only by persons or businesses obliged to be listed on this Register and by those who are obliged to make a “Rea” declaration (inventory of economic and administrative information).
Whoever wants to start up a business can submit to the Chamber of Commerce Register of Companies a single communication, “Comunicazione Unica”, also valid for tax, social security and welfare purposes.
To submit the "Comunicazione Unica ” it is necessary to have a digital signature and a certified e-mail (PEC).
FISCAL OBLIGATIONS OF THE OWNER OF A VAT NUMBER
1. Keeping accounting records The compulsory accounting records to be kept, for VAT purposes, for the recording of income (sales) and expenditure (purchases) operations are: the register of the invoices issued, the register of invoices received and, in some cases, the register of compensations.
2. Invoicing The obligation to issue invoices refers to every transaction, however: ■ in the case of a retail trade business (e.g. food shops) the invoice is replaced by the “ticket receipt”; ■ in service businesses (e.g. restaurants, laundries) it’s replaced by a “receipt for fiscal purposes”.
3. The tax return Anyone in possession of a VAT number must submit an annual tax return, the “modello UNICO” each year. This obligation also applies to individual persons or businesses that have not received any income or issued or received any invoices.
4. Payment All holders of a VAT number are required to make tax and social security payments exclusively on line, using the F24 form.
- COMPANY BALANCE SHEET
- CONSOLIDATED FINANCIAL STATEMENT
- INTERNATIONAL ACCOUNTING STANDARDS
HOW TO REGISTER PROPERTY LEASE AND RENT CONTRACTS.
All agreements, regardless of the amount, are to be registered if the term is more than 30 days a year. Property leases must be registered within 30 days from the date the agreement was drawn up or, if prior, from the first payment date.
TAX PAYMENT Before submitting leases and rent agreements for registration, the parties must calculate the tax amount payable and pay it through any bank or post office.
For terminations, extensions and premature cancellations of registered agreements, the parties must pay the taxes due within 30 days from the relative event.
BUYING YOUR FIRST HOME
Whoever buys for the first time the full ownership, usufruct or remainder interest of a building for residential use, can take advantage of the tax benefits consisting in the reduction of tax registration (or VAT), mortgage and land taxes. In case of sale of property for residential purposes (and related outbuildings) to individuals who do not act for commercial, artistic or professional purposes, the taxable amount for registry, mortgage and land registry may be the cadastral value of the property, rather than the amount paid, if the deed shows the actual amount agreed for the sale.
First time home buyer benefits apply to: ■ urban properties for residential purposes classified by the land registry office under categories A1 to A9, and also A11, provided they are not listed as “luxury residences”; ■ properties under construction (unfinished) or in the process of being renovated, to be used as non-luxury main residence within three years. ■ outbuildings to the property, bought with benefits, such as garages, parking spaces (C6), storerooms or deposits (C2) and shelters (C7), one for each type and also with separate deeds.
WHO IS SUBJECT TO THE FILING OF A DECLARATION OF SUCCESSION?
The heirs, either by law or will, of a deceased property owner.
WHEN: Within 12 months from the date of death of the property owner.
WHERE: At the Revenue Agency office of the last place of residency of the deceased.
HOW TO DO IT: Fill in form that can be found at our office or downloaded from www.agenziaentrate.gov.it, and attach the following documents:
■ death certificate;
■ civil status certificate of the deceased and heirs;
■ list of self-determined taxes with receipt of payments.
After registration, the office will return the copies for transfer to the heirs who shall submit them to the Agenzia del Territorio within 30 days.