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Function documentationStamp Tax (IB)

 

Companies in Italy can use the Flexible Real Estate Management solution for Italy to calculate and assign the Italian stamp tax (Imposta di Bollo – IB) to documents that are subject to stamp tax, but not subject to value-added tax (VAT).

Italian stamp tax (IB) is a fixed amount defined by the law and is levied on all documents where the sum of the base amounts not covered by VAT amounts exceeds a predefined value. The predefined value is defined by law.

Customer Invoices

The owner charges the stamp tax amount in the same document with a separate item (with a corresponding stamp tax description and tax code) generated also during the posting of the document. This stamp tax item is then replicated in the invoices sent to the tenants. The customer/tenant pays the stamp tax amount to the lease-out company.

Reverse Documents

You reverse all invoice positions. You use this transaction when an error occurred during the customer invoice generation, and you have not printed the invoice yet.

If you reverse the invoices, the system also reverses the stamp tax.

Credit Memos

The following two types of credit memos exist:

  • Partial credit memo

    You have already posted the customer invoice, and a partial reduction of the contract condition types was needed. The customer/tenant does not need to pay the stamp tax for the credit memo document because it is the cost of the owner.

  • Total credit memo

    You have made a total reduction for all the contract condition types that have been posted in the previous customer invoice. The customer/tenant gets back the stamp tax amount, and the owner pays the stamp tax for the credit memo document.

Activities

You need to: