Post by account_disabled on Mar 13, 2024 5:00:32 GMT -5
Italian web tax: from 2019 6% tax on digital services only for those who sell to other businesses Every year Christmas arrives weeks earlier and not because someone moves it from December 25th, but because the first glittering decorations begin to be noticed as early as the end of October and together with the Christmas window displays also came the news that it has been approved by the budget commission of Senate the amendment to the 2018 budget law on the Italian web tax , i.e. the 6% tax on digital transactions which, from 2019, could bring in revenue of 114 million euros. In short, it is a special way of sending greetings in advance. This is a political move against large web groups that circumvent the law in order to pay the taxes due in a reduced manner, better known as tax avoidance. Our politicians intend to "make foreign companies pay", which will certainly negatively shake Italy's digital development.
If not studied well, could it be a tax to the detriment of Italian Find Your Phone Number companies and startups active in web services, which would risk double taxation? Beware of the boomerang effect, I say. The lack of competence on the subject on the part of those who tax is clearly visible in the fact that they have not yet defined the subjects for whom the Italian web tax is intended. Only by 30 April 2018 will the implementing measures be known, which will make the new digital tax operational. What can I say: it appears just before Christmas, but the content will only be released at Easter.
In short, a panettone package with an Easter dove inside. Brilliant! As communicated, the only certainty is that the digital transactions of small businesses, agricultural businesses and taxpayers who have joined the flat rate regime will not be taxed. Obviously it will be the duty of the Revenue Agency to inform the Tax Office on which operations will be subject to the tax and what the declaration obligations to be carried out and the related payments will be. Therefore the Italian tax authorities will monitor the online activity of residents and non-residents and will track down those who do not pay the 6% on digital transactions. Particular attention will be paid especially to the web giants who do business in Italy.
If not studied well, could it be a tax to the detriment of Italian Find Your Phone Number companies and startups active in web services, which would risk double taxation? Beware of the boomerang effect, I say. The lack of competence on the subject on the part of those who tax is clearly visible in the fact that they have not yet defined the subjects for whom the Italian web tax is intended. Only by 30 April 2018 will the implementing measures be known, which will make the new digital tax operational. What can I say: it appears just before Christmas, but the content will only be released at Easter.
In short, a panettone package with an Easter dove inside. Brilliant! As communicated, the only certainty is that the digital transactions of small businesses, agricultural businesses and taxpayers who have joined the flat rate regime will not be taxed. Obviously it will be the duty of the Revenue Agency to inform the Tax Office on which operations will be subject to the tax and what the declaration obligations to be carried out and the related payments will be. Therefore the Italian tax authorities will monitor the online activity of residents and non-residents and will track down those who do not pay the 6% on digital transactions. Particular attention will be paid especially to the web giants who do business in Italy.