Tax system and tax knowledge necessary for immigration to Italy

Affected by the global economic downturn, Italy's 200 1 economic growth is slow, lower than the government's 2% expectation. After the center-right government came to power, it launched a plan to revitalize the economy? Hundred-day plan? Including encouraging investment, increasing employment, abolishing inheritance tax and gift tax, reducing the burden on enterprises, promoting industrial and infrastructure construction, reforming the labor and employment system, reducing medical expenses, raising the minimum pension, gradually abolishing the underground economy and adopting high technology. It is welcomed by business owners, but the contradiction between labor and capital is getting worse. I. Tax system

Italy's tax system is based on direct tax (income tax) and indirect tax.

Direct taxes mainly include: personal income tax, enterprise income tax and industrial and commercial local tax; Indirect taxes mainly include: value-added tax, registration tax and urban real estate tax.

Second, indirect taxes.

(1) VAT

All transactions involving goods and services are subject to VAT. According to the regulations, the providers of goods and services can deduct the value-added tax paid at the next higher level, and the final consumers will bear the value-added tax. Sales of goods or provision of services in Italy are subject to VAT. The general rate of VAT is 20%. Under special circumstances, the tax rate of most foods, agricultural products, real estate and daily necessities can be reduced to 10% or 4%.

The company must calculate the output tax and input tax of value-added tax on a monthly basis, and if there are special circumstances, it can calculate and pay it quarterly. Annual VAT declaration must be completed before March 15 every year.

Foreign tourists can refund their personal belongings bought in Italy and taken out of EU countries within a certain range according to relevant regulations.

(2) Registration tax or registration tax

The cases that need to pay registration tax are: (1) specific contracts formed in Italy; (2) Contracts reached in Italy and abroad involving the transfer and lease of Italian commercial enterprises or real estate. All legally binding written contracts and documents signed in Italy must be registered in the local registry within 20 days from the date of signing. The tax base and tax rate are determined according to the nature of the relevant contract and the situation of the parties.

For transactions subject to value-added tax, registration tax shall be levied at the average ordinary tax rate; For transactions that do not need to pay value-added tax, registration tax is levied according to the following tax rates: the transfer of property and rights is levied at 10% of its value; The company's establishment or capital contribution is levied at 1% of its financial statements.

1, land registration tax

Land registration tax applies to the transfer of real estate and is paid when the public registration authority goes through formal written procedures. The tax base is the same as the registration tax, and the land registration tax is taxed at 3% of the sales price of real estate.

For the transfer of real estate subject to value-added tax, the registration tax, land registration tax and mortgage tax of 168 euros can be levied together.

2. stamp duty

It is a tax levied on documents, contracts and bills as stipulated in the tax law. When signing or applying the above documents, contracts and bills, stamp duty shall be paid according to their categories. Except in special circumstances, it is usually necessary to draft documents on printing paper stipulated by the tax law. If documents, bills and contracts are drafted on other papers, stamp duty must be affixed. Bills of exchange and promissory notes must be written on special printing paper and stamped with special stamps.

The stamp duty on general documents is usually fixed (the current standard is 14.62 euros), but other documents, contracts and bills stipulated in the tax law are paid at a fixed tax rate. Documents related to value-added tax are exempt from stamp duty.

(3) Urban real estate tax

Italian real estate owners must pay urban real estate tax every year. The tax basis is the registered value of the building, that is, the value determined by the local land and resources bureau according to the type and level of real estate multiplied by a given coefficient. The tax rate is set by the local government, ranging from 0.04% to 0.07%.