Tax and accounting
In order to comply with Italian Taxes and Vat regulations, the correct forms need to be filed and payments made.
LDP Tax & Law provides full Tax compliance coverage, with scalable, flexible and cost-efficient services address the needs of Companies of all sizes.
LDP Tax Compliance services:
- tax calculation;
- delivering the taxpayers’ tax returns to the Revenue Agency via Internet as Intermediaries;
- drawing up of balance sheet, attachment and financial statements;
- completion of budget and reporting schemes for the parent company;
- monthly VAT calculation;
- VAT compliance;
- support for the excise duties and the customs communications;
- support for the municipality taxes for real estates.
The preparation of monthly accounts provides important information for accurate and timely planning.
Information can be the key to business success. We can provide you with an accounting and reporting package to help with decision making and match your business goals and aspirations.
Accounting should be considered as the foundation for important management decisions. An efficient accounting services lets you to changes quickly and ahead of your competitors.
This is something that our accounting team fully understands.
LDP Accounting & Reporting Services
- Vat compliance;
- preparation of trial balance sheet, including Profit & Loss and cash flow;
- preparation and filing shareholder resolutions and other documents associated with the completion of statutory accounts;
- Inventory book maintenance;
- provision of information to local auditors.
Service tailored to your business
A group accounts chart (in English version) can be used to facilitate understanding and the data can be exported in many formats. We provide solutions which allow you to access to our ERP for all downloads including images of supplier’s invoices.
Not just accountants
Our team looks after every single transaction, in term of document compliance, VAT communication such as Intrastat forms or
withholding periodic payments. We also have in-house expertise in tax, transfer pricing, social security law, corporate
finance and law, these means you is to provide an immediate advice starting from the document registration.
A single point of contact
When you deal with LA NAIA, DI ORONZO & PARTNERS, you always deal with a dedicated account manager that you can turn to with all your questions. This is cost-effective because: your account manager has an intimate understanding of your business model and of your organization thus allowing them to be both accurate and efficient.
When is corporate tax paid?
Corporate Tax (24%) and Regional Tax (base rate 3,9 %) are paid in two instalments annually. The first instalment is due when the company pays the balance of the previous fiscal year within 6 months after the end of the fiscal year(ordinarily within 30 June or, with penalties, within 30 July of the financial year) and the second instalment is ordinarily due within 11 months after the end of the financial year (ordinarily within 30th November).
When is the TAX return due?
Resident companies must file their corporate income tax return within 9 months after the end of the financial year.
What is the taxable period?
The articles of association state the financial year of the company. It cannot exceed 12 months except the first year when it may be 13-14 month.
This page was last updated in May 2019
LDP Tax & Law is a tax & law firm established in 1993 offering a full range of professional services for multinational companies doing business in Italy. These services include company formation in Italy, accounting system setting up, bookkeeping, tax and vat compliance financial reporting packs (IFRS, US GAAP, Italian GAAP), preparation of employment contracts, payroll management, transfer pricing documentation, corporate finance, legal advice, audit, immigration. and more. Our services allow our clients to focus on developing their businesses in Italy saving time and money. Our One-point-of-Contact business model effectively and efficiently matches your requirements with tailor-made solutions, saving you valuable time and resources. LDP will support you every step of the way in doing business in Italy.