Guide to the subsidized regime for new initiatives - Part 2
Once all the requirements, what are the benefits of membership to the "forfettino"?
First, it is not an obligation to keep accounts: it will therefore be sufficient to issue all the bills and maintain records of purchase, but no need to record anything.
Second, the tax is calculated only once a year, in the statement. It is therefore not an obligation of all liquidations and interim payments, including the deposit of December.
Third, the invoices issued are not subject to any withholding tax, provided that you specify in the document itself that the compensation being "subject to substitute tax pursuant to art. 13 L. 388/2000 "(this is the wording to be included in the invoice), is not subject to any withholding tax.
Finally, the business income or self-employment is not going to add up with the other income of the taxpayer, but is taxed separately: it is in fact subject to a substitute tax of 10%.
The comparison with the "special regime for minimum taxpayers" (or "forfettone") is complex, and the choice between a regime and the other depends on several factors that need to be personal evaluation of preference.
The "forfettone" has its exemption from IRAP and the field studies, however, the number adhering to the "forfettino" are subject. In addition, the rigorous application of the principle of cash will enable members of "forfettone" to download immediately from income all the expenses of the goods (not subject to amortization), and to be taxed only to the fees actually collected.
In contrast, participants in the "forfettino" can boast the substitute tax rate for the lowest income tax (10% instead of 20%) and, above all, the ability to download the VAT on purchases, which the "minimum" is denied.
In both cases, however, the taxpayer is exempted from the accounting and interim payments from the ordinary.
We have already alluded to the fact that, if during the year are above the thresholds of turnover required for accession to the regime of "forfettino" is through facilitating decade.
The law, in particular, distinguishes two different scenarios with their consequences.
The general rule, in fact, is that the threshold means that the next year will lapse by the subsidized regime.
But if it happens that the threshold is exceeded by more than 50%, then the loss of the system you already have in the tax period in progress, with retroactive effect, which means that the taxpayer must, for example operate at the rear of the VAT payments months or previous quarters with any payments (necessarily late, with all its consequences), and hasten to fill in the accounting records relating to the period from January 1 of the current year onwards.
That is, we must act as if, for that year, the "forfettino" had not joined at all.
Finally, it should be remembered that to members of the accounting system of the new initiatives the legislature has given a further concession: they have the chance to get a free tutoring from the Inland Revenue, provided that they be requested at the time of the opening of the 'activities. In this case, you are entitled to a public official who assists the taxpayer for any tax compliance.
Mentoring, however, can only be done via the Internet. In this sense, adhering to the "forfettino" must be taken to acquire the necessary equipment. He is, however, recognized a tax credit equal to 40% of the costs incurred for this purpose, up to a maximum limit of € 309.87.
23/12/2008
----------------------------------------
Translated via software
----------------------------------------
Source:
Italian version of ReteArchitetti.it