Withholding or composite taxes

[Mario Giammarco]

Hello,

In Italy we have a complex taxes systems. 

I give you an example and you please tell me if it is doable with tryton:

invoice amount= 100

invoice +4% inps =104   (INPS is a tax)

104+21% IVA = 125.84 (IVA is VAT)

ritenuta d'acconto (withholding)= 104*20%=20.8

Total of invoice=125.84-20.8=105.04

Can I do this with Tryton?

Thanks in advance for any reply.

Mario

[Cédric Krier]

On 17/05/12 02:26 -0700, Mario Giammarco wrote:
> I give you an example and you please tell me if it is doable with tryton:
>
> invoice amount= 100
>
> invoice +4% inps =104 (INPS is a tax)
> 104+21% IVA = 125.84 (IVA is VAT)
> ritenuta d'acconto (withholding)= 104*20%=20.8
> Total of invoice=125.84-20.8=105.04
>
> Can I do this with Tryton?

I think yes.
But how to do it will depend exactly on what is those taxes and how will
they be applied.

What is the rules for INPS? When did it apply?
I guesss VAT is like everywhere else.
What is "withholding"? When did it apply?
Also what are the tax reports?

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[Mario Giammarco]

I must put each tax in every invoice.

INPS is a tax for injuries/retirement

Withholding is not exactly a tax. It is an advance for taxes you will have to pay in the future.

I hope have explained myself correctly.

Thanks,

Mario

[Cédric Krier]

On 17/05/12 03:57 -0700, Mario Giammarco wrote:
> I must put each tax in every invoice.
> INPS is a tax for injuries/retirement

So this is a global taxes that every business in Italy must add?

> Withholding is not exactly a tax. It is an advance for taxes you will have
> to pay in the future.

Could you explain a little bit more, how does it work?


PS: Please don't top-post on this mailing list and keep the thread by
answering to the right email. For more information about how to behave
take a look at http://groups.tryton.org/netiquette

[Mario Giammarco]

2012/5/17 Cédric Krier <cedric...@b2ck.com>:

> PS: Please don't top-post on this mailing list and keep the thread by
> answering to the right email. For more information about how to behave
> take a look at http://groups.tryton.org/netiquette
>

Sorry I discovered that google groups makes you top posting

[Mario Giammarco]

Il giorno giovedì 17 maggio 2012 13:08:05 UTC+2, Cédric Krier ha scritto:

On 17/05/12 03:57 -0700, Mario Giammarco wrote:

So this is a global taxes that every business in Italy must add?

All freelancers ( con partita iva) and one man enterprises (impresa individuale) have to.

Limited companies pay this tax in another way. 

> Withholding is not exactly a tax. It is an advance for taxes you will have
> to pay in the future.

Could you explain a little bit more, how does it work?

Well I try. Italian governement want to be sure you pay taxes and want taxes as soon as you can.

So for freelancers and some other categories when you emit an invoice (usually a freelancer emits an invoice to a limited company) you must immediately cut 20% of the amount of the invoice. So the limited company give you 20% less money. But, obviously, the limited company must give this sum to governement as a payment in advance for your future taxes. So when you calculate the taxes amount X you pay X-20% of invoices because you have already paid it.

 

[Sergi Almacellas Abellana]

Mario Giammarco <mgiam...@gmail.com> escribió:

In spain we have the same called "Retencion" and only applies to freelancers.


>
>
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[Cédric Krier]

On 17/05/12 07:00 -0700, Mario Giammarco wrote:
>
>
> Il giorno giovedì 17 maggio 2012 13:08:05 UTC+2, Cédric Krier ha scritto:
> >
> > On 17/05/12 03:57 -0700, Mario Giammarco wrote:
> >
> > So this is a global taxes that every business in Italy must add?
> >
> > All freelancers ( con partita iva) and one man enterprises (impresa
> individuale) have to.
> Limited companies pay this tax in another way.

A tax that apply on other taxes is not easy to do in Tryton.
But indeed, it is probably just like increasing the rate of the other
taxes. Or it will need to develop something.

> > > Withholding is not exactly a tax. It is an advance for taxes you will
> > have
> > > to pay in the future.
> >
> > Could you explain a little bit more, how does it work?
> >
> > Well I try. Italian governement want to be sure you pay taxes and want
> taxes as soon as you can.
>
> So for freelancers and some other categories when you emit an invoice
> (usually a freelancer emits an invoice to a limited company) you must
> immediately cut 20% of the amount of the invoice. So the limited company
> give you 20% less money. But, obviously, the limited company must give this
> sum to governement as a payment in advance for your future taxes. So when
> you calculate the taxes amount X you pay X-20% of invoices because you have
> already paid it.

So you can define a negative rate tax.