Stamp Tax
Definition
Stamp Tax in Italy – “Imposta Di Bollo (IBO)”
Tax that is levied on each document (for instance, contract or invoice) that relates to an amount not affected by taxes on sales/purchases.
The total amount without tax on sales/purchases has to exceed 77.47 EUR (as of January 1, 2002). The stamp tax is 1.29 EUR (as of January 1, 2002). You can change both of these amounts in Customizing.
The tax amount is shown separately in the document (with reference to the tax law).
Exceptions
- Condominium owners’ associations (COA): The document that the manager sends to the condominium owners does not contain tax on sales/purchases, but is not subject to stamp tax.
- Payment method: When an automatic payment method is used, stamp tax is not applied.
Prerequisites
Customizing
Make your settings in Customizing by choosing:
SAP Customizing Implementation Guide
Real Estate
Country Specifics
Italy
Stamp Tax
Parameters for Stamp Tax
Application
Make sure Italian tenancy law is entered on the business entity. Tenancy law is inherited either from the business entity (lease-out) or from the general contract.
If the prerequisites are met, the system generates a new cash flow item, with a new flow type, for each object. These are generated dynamically within the periodic postings.
Use
The stamp tax is included automatically in the periodic postings for the lease-out or general contract (not with service charge settlement or sales settlement). There are no other activities in the application.