Stamp Tax (IB) Determination 

Use

Companies in Italy can use the Flexible Real Estate Management solution for Italy to calculate and store the Italian stamp tax (Imposta di Bollo – IB), according to Italian requirements.

Italian stamp tax, IB, is a fixed amount and is levied on all documents where the sum of the base amounts not covered by sales tax exceeds a predefined value. The owner charges this amount in the same document with a separate item (with a corresponding description) in the invoices sent to the tenants.

Prerequisites

Before you can administrate and report the relevant stamp tax amounts, you have to set up the system appropriately by making certain Customizing settings. You have to define the parameters for stamp tax calculation for all relevant contract types in each company code, with the option of also defining validity intervals.

The Customizing parameters refer to the accounts for stamp tax registration, the stamp tax amount itself, and the stamp tax threshold for the sum of the base amounts. To make the required Customizing settings, carry out the relevant IMG activities in Customizing for Flexible Real Estate Management (Enterprise Extension) by choosing Country-Specific Settings ® Italy ® Tax Calculation for Italy ® Stamp Tax.

Activities

The Flexible Real Estate Management solution for Italy enables the stamp tax amount to be automatically generated in each document as a separate tax line – provided that the posting parameters of the real estate contract do not specify sales tax. To check this, proceed as follows:

       1.      On the SAP Easy Access screen, choose Accounting ® Flexible Real Estate ®Contract ® Process Contract.

       2.      Proceed to the Conditions tab page, and choose the Terms tab page. Choose the Display Term icon next to the Postings field. In the Postings: Details dialog box, check the entry in the Tax Group field. This entry should be NONE.