Stamp Tax (IB) Posting

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

You have made the necessary settings described in Customizing for Stamp Tax (IB).

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 there are conditions of the real estate contract that are subject to stamp tax (and not subject to value-added tax (VAT)). To check this, proceed as follows:

On the SAP Easy Access screen, choose Accounting Flexible Real Estate Management Contract Process Contract
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 defined in Customizing, if it should be subject to stamp tax.

Features

EXAMPLE of Stamp Tax Posting

The following example uses value EUR 1,000 as the rent amount, and EUR 1,81 as the stamp tax amount.

The system posts the stamp tax amount of customer invoices as follows:

Debit	Credit	Amount	Flow Type
Customer account	Stamp tax account	1,81 EUR	8500

The system posts the stamp tax amount of reversal documents as follows:

Debit	Credit	Amount	Flow Type
Stamp tax account	Customer account	1,81 EUR	8500

Credit Memos

Partial Credit Memo

During the year, the invoices of advance payments are posted using the Periodic Posting: Contracts (RERAPP) transaction:

Debit	Credit	Amount	Flow Type
Customer account	Revenues account	1000 EUR
Customer account	Stamp tax account	1,81 EUR	8500

At the end of the year, when you run the service charge settlement using the Execute Settlement (RESCSE) transaction, the system carries out the following postings in the system (you need to pay back EUR 200 to the tenant):

Debit	Credit	Amount	Flow Type
Revenues account	Customer account	200 EUR
Expenses account	Stamp tax account	1,81 EUR	8502

Total Credit Memo

During the year, the invoices of advance payments are posted using the Periodic Posting: Contracts (RERAPP) transaction:

Debit	Credit	Amount	Flow Type
Customer account	Revenues account	1000 EUR
Customer account	Stamp tax account	1,81 EUR	8500

At the end of the year, when you run the service charge settlement using the Execute Settlement (RESCSE) transaction, the system carries out the following postings in the system:

Debit	Credit	Amount	Flow Type
Revenues account	Customer account	1000 EUR
Expenses account	Stamp tax account	1,81 EUR	8502
Expenses account	Customer account	1,81 EUR	8503