The Legislative Decree 138/2011 converted into Law after the signature of the President of the Republic, Giorgio Napolitano and came into force last Saturday with the publication in the Official Gazette, also resulted in changes, the increase in VAT.
The value added rose from 20% to 21% while no change was not included for goods and services that had a tax of 4% and 10%.
Companies, therefore, at the time of billing will pay particular attention to the date on which the operation was recorded, if prior to Saturday, September 17, 2011 then they will levy a tax equal to 20% if, instead, then the next ' rate goes to 21%.
Do not forget, therefore, to update their cash registers or computers that need to automatically issue invoices. The log book is required a new column in which to record sales at the rate of 21% to facilitate the final count.
Variations in the sales during the
Purchase with deposit and balance at different times - the difficulty for businesses comes in these counts because the law provides for a spin-off of payments made (or received) and requires that the deposit prior to 17 must apply VAT to 20% while for future payments and the final balance - if made after the entry into force of the law - you must apply the new tax.
Price Lists - Most of them are net of VAT, therefore, should not undergo any change, but the problem is for companies that had printed out the price lists including tax. In this case the company must decide whether to update the prices or otherwise, to "take charge" of the increase while maintaining the invoice for the customer and deducting from their 1% of total revenue. This many companies and the traders are feeling like a small discount to the customer did not discourage purchases; the change, after all, is minimal (0.8%), whereas the risk of consumption of the block would have a more devastating in the market .
The immediate application of the new prices will bring a slight advantage for traders who bought the goods - already paid for - keeping in stock, in which case the purchase will be made with VAT at 20% and the surcharge will be resold to to 21%.
Many large companies have already announced that it will absorb the increase in VAT to the customer without weighing it; between these Esselunga, Coop, Zara, Benetton, Stefanel.
A simpler procedure, however, should be implemented for the production and repair of goods and real estate sales.
Production, repair and manufacturing of goods - Everything about the production of goods and their implementation, including all service contracts, contracting and the like are taxed at a rate of 4% or 10%. Different, however, is the tax system in the case of processing after completion of property: given that the artisan takes place at a later time will be in place to produce the ordinary regime of 21% of the repairs or, in general, professional activities. The only exceptions will some jobs in the construction industry.
Real Estate - The ordinary tax of 21% will be applied to all non-residential buildings or luxury real estate belonging to the categories used in operations, entire buildings or portions of them to non-residential use that have not been transferred from construction companies. It is, specifically, businesses, factories, homes, shops, offices, warehouses, workshops and garages.
For all these cases the properties with ordinary rate shall not be included in the law Tupini.
They also increased the VAT luxury dwelling houses sold by construction companies or restoration within 4 years from completion of works for everyone. In this case the facility will not be applied "first home" with the 4% VAT.
