The system of minimum and marginal is natural that the new regime from 1 January 2008 shall apply to natural persons residing in the State carrying on a business activity or self-employment, that:
- in 2007 had revenues or fees when reduced to year, not exceeding € 30,000.00;
- in 2007 did not have any export supplies;
- in 2007 did not support expenses for employees or associates, even after the project;
- in the three years 2005 -2007 have
made purchases of capital equipment, including leasing contracts for more than € 15,000.00, - do not take advantage of special tax regimes (eg the system of capital goods; regime for the sale of tobacco and salt; regime for 'publishing, for the management of public telephony, for entertainment and games);
- which is not exclusively or primarily supplying buildings, building sites and new means of transport;
- not participating in partnerships or associations professional or SRL who have opted for the tax transparency.
Please note that the purpose of determining the limit of income or compensation not exceeding 30,000.00 not detect those resulting from adaptation to field studies. Also, in case they are carried out multiple tasks simultaneously, the limit should be reported to the sum of revenues or fees for individual activities.
- TAXATION
Taxpayers minimum belonging to that scheme does not apply VAT, are not entitled to deduct the tax for purchases made and are not subject to IRAP and studies industry.
Essentially by applying a substitute tax of 20% tax duties are performed on:
- PIT;
- ADDITIONAL municipal and regional personal income tax;
- IRAP;
- VAT.
The substitute tax is determined by income tax or self-employment. The income is the difference between the proceeds or compensation received during the period of tax and expenses incurred in the performance of the business or profession and art. In essence, even if it's business activities shall apply the principle of cash "typical" of professionals. Contribute to determining the income gains and losses of assets related to the activity and the amounts paid as social security and welfare, which are deducted directly income and not deductible as an expense in the statement.
- BENEFITS
Taxpayers are exempt from minimum:
- from the registration requirements and bookkeeping. They must keep the documents issued and received, and number and keep the purchase invoices and certification fees;
- by sending lists customers and suppliers;
- from field studies;
- from requirement to register for VAT.
- IMPLEMENTATION OF THE SYSTEM
Taxpayers who take advantage of this new regime will not send any communication Enter the Agency, but simply have to start from 2008 to invoice its customers without charging VAT on the invoice and stating the word "operation carried out under Article 1, paragraph 100, the 2008 Budget."
- ADJUSTMENT DEDUCTION VAT on the purchase Depreciable assets
The new scheme involves the adjustment of VAT deduction made in the past for the purchase of depreciable assets. In essence, the tax deduction for the purchase of such goods must be paid in a lump sum or in five equal annual installments without application of interest. The first or only installment be paid by 16.03.2008. The adjustments to the deduction shall be made in the first annual VAT return filed after the entry into the scheme, in that for the previous year to the transit system in a comment. For example, a taxpayer who passes into the scheme on 1 January 2008 must show the adjustments in the annual statement of deduction of VAT on 2007 will be presented in 2008.
- NON
Any non-application of the system of minimum taxpayers may be:
- per option, ie by implication of the taxpayer concerned to apply taxes in the ordinary way and that option is binding for three years (except for 2008);
- in case of a notice of assessment at the end of the process, becomes final;
- for exceeding the limits. In the event that revenues or payments exceed € 45,000.00, in addition to putting in place the usual book-keeping and non-accounting billed to the entrepreneurs and professionals, is due to the value added tax on transactions that for the fraction of a year prior to exceeding the limit will be determined by the spin-off fees, without prejudice to the right to deduct input tax on purchases.
- ELIMINATION SCHEMES
- the system of minimum taxable allowance (Article 32 bis of Presidential Decree No 633/72 )
- the taxation of fringe activities (art. 14 Law No. 388/2000);
- the scheme called "super-simplified" (Article 3, paragraphs 165 to 170 of Law 662/96).
FOR THE COMPLEXITY 'AND SPECIFICITY ' RULES OF THE TAX ASSESSMENT OF THE COST SHOULD BE IN EVERY CASE.
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