What is the difference between Italian VAT declaration and domestic VAT declaration?

Hello! What are the points to note in the Italian VAT registration and declaration process?

If non-Italian cross-border companies use Italian warehouses, they must register for VAT in Italy, even if they do not have an office entity in Italy. However, what are the points to note in the VAT registration process in Italy? It is different from EU countries such as the UK and Germany. When sellers register, they must appoint a VAT tax representative, and the appointment of the representative must be public** *Appointment within the meaning of the Act. An instrument of private appointment or record in a special agency must be submitted to the tax office, which includes the place of tax registration of the legal representative, or the address of the tax representative. The VAT representative can be a natural or legal person, but must be an Italian citizen residing in Italy.

What are the points to note in the Italian VAT declaration process?

Understand the Italian VAT value-added tax rate:

①4% is the lowest tax rate, such as basic necessities such as food and newspapers.

②10% tax rate, this is a special tax rate. It applies to tourism services, that is, hotels, restaurants and other related tourism products.

③The standard tax rate is 22%, which applies to all other situations.

For cross-border sellers, most products should have a standard tax rate of 22%.

What should you pay attention to in the Italian VAT value-added tax declaration process?

In the case of sales, the applicant must record sales on a daily basis. Depending on certain legal provisions, this period can be changed, but is usually within the current month. For each invoice issued on a VAT bill, the serial number of the entry, the date of issue, the tax amount due, the VAT due and the total invoice amount and the name of the person must be determined.

The taxpayer must submit the VAT return for the current year before the end of April of the following year, and must submit monthly or quarterly returns to the Italian Tax Agency.

When declaring, sellers can make monthly or quarterly declarations according to their actual situation:

●If the value-added tax is calculated on a monthly basis, the declaration will be made once a month and in File your annual VAT return at the end of the year.

●If filing on a quarterly basis, quarterly statements must be submitted every quarter.

●When sales are quite high, monthly declarations are mandatory.

●When sales do not exceed the quota, declarations can be made on a quarterly basis. However, an additional interest of 1% of the tax payable must be paid when reporting quarterly.

Points to note about the quarterly payment time for Italian VAT bills:

●Payment must be completed before May 16 for the first quarter

●For the second quarter Complete the payment before August 16 to 20

●Complete the payment before November 16 for the third quarter

●Complete the fourth quarter before March 16 of the following year Quarterly payment

If the tax is paid monthly, the tax must be paid before the 16th of the next month

At least these two things must be present when preparing to declare the company's value-added tax. Invoicing data and deduction data.

Where does the invoicing data come from?

Search in the invoicing system.

Step one: After the end of the month, open our invoicing system (take the Golden Tax Disk as an example) and query it in Tax Return Processing-Monthly Statistics.

Step 2: Select the period, here select June invoicing information.

Step 3: Find the invoicing summary and print it out for later use

The information here is the main source of output tax when you fill in Schedule 1 of the return form.

Where does the deduction data come from?

Check the system check box.

Now we basically have a check-and-confirm system, and all special input invoices are checked and confirmed as the basis for deducting input tax.

The first step is to insert the tax control disk, enter the check URL, enter the password, the default password is 12345678, and then log in.

The second step is to check the statistics and check the check in June to confirm

This is also printed out for later use.

Of course, there are many types of tax deduction vouchers. The platform currently only has data on special value-added tax invoices, unified motor vehicle sales invoices, and electronic toll invoices. If you have purchased from abroad, tax deduction vouchers It is the customs import payment form, and you need to obtain the audit result notification before you can fill in the declaration form.

Okay, with this data, we can fill in the VAT return accordingly.

The invoicing data are all filled in Appendix 1, which corresponds to the information printed out from the invoicing system. Just fill in the information and keep the data completely consistent.

Columns 1 to 2 "Issue special VAT invoices": reflect the issuance of special VAT invoices (including unified invoices for tax-controlled motor vehicle sales) in this period.

Columns 3 to 4 "Other invoices issued": reflect the situation of other invoices issued in this period except the special value-added tax invoices.

The tax deduction vouchers are all filled in in Appendix 2, the input tax detailed list, and should be filled in accordingly.

Just fill in any tax deduction voucher data you have.

After completing the filling, the data will be automatically summarized in the main table, and then you can check and confirm again and submit to complete the declaration.

In fact, if some special circumstances are not considered, the process of VAT declaration is probably like this.

This is for reference only. I wish you all the best. Thank you very much if you adopt it!