To continue collaborating with Zeuler, you will need to open a VAT (Value Added Tax) registration when you reach the threshold of the occasional performance of €5000 annually.
Have you exceeded the gross turnover of €5000?
In case your gross turnover has exceeded €5000, it is important to note that the occasional collaboration contract sets a maximum earnings limit. Zeuler will notify you in advance once you are nearing this threshold.
If you exceed €5000, what do you need to do?
To continue collaborating with Zeuler, you will need to open a VAT registration.
The VAT registration is an 11-digit code that uniquely identifies economic operators intending to carry out their activity in Italy.
How to open a VAT Number?
To open a VAT registration, simply fill out and submit the AA9/7 form at the Revenue Agency, either in person at one of their offices with a valid identification document or electronically using the software available on the Revenue Agency's website.
Opening a VAT registration is a relatively straightforward process, but it is also important to be aware of other fundamental aspects for conducting business, such as the ATECO code, which identifies the type of activity you intend to carry out.
It is advisable to seek advice from an accountant or a Tax Assistance Center (CAF) for expert guidance. Alternatively, you can opt for the assistance of an online service provider such as Fiscozen, FlexTax o FidoCommercialista, which offer competitively priced services and can efficiently manage the entire opening procedure and its management.
Additionally, you will need to determine which tax regime to adopt. The VAT registration can be under the Flat-Rate Scheme or Ordinary Scheme: the Flat-Rate Scheme offers greater tax and compliance advantages, but certain formal and substantive requirements must be met to adopt it.
If you decide to open a VAT registration, you will need to register with the pension fund corresponding to the type of activity performed. The pension regime you join will affect the calculation of pension contributions payable.
Furthermore, you will need to issue invoices for the consideration received for the provision of services and submit an annual tax return to report the amount of income earned and calculate the taxes due.
Be sure to consult a detailed guide for the correct insertion of the VAT registration and to ensure the proper management of your business.
ATECO Code
During the process of opening your VAT registration, it's crucial to choose an ATECO code that accurately identifies your profession.
Typically, you can opt for one of the following ATECO codes:
82.99.99 – altri servizi di sostegno alle imprese nca (other business support services n.e.c.)
53.20.00 – altre attività postali e di corriere senza obbligo di servizio universale (other postal and courier activities without universal service obligation) - ritiro, smistamento o servizi di consegna a domicilio (pickup, sorting, or home delivery services)
The main difference between the two ATECO codes lies in the taxes to be paid and the registration procedures. While the former entails tax payments to the Gestione Separata, the latter requires registration with the Chamber of Commerce and payment of contributions to Gestione Artigiani e Commercianti.
The Gestione Separata does not entail fixed contributions but rather a percentage of 26.23% of the taxable income. On the contrary, the Gestione Artigiani e Commercianti requires an annual fixed contribution, regardless of turnover.
In our opinion, the most suitable code is 53.20.00, which involves registration with the Chamber of Commerce and payment of fixed contributions. However, you should calculate with your tax advisor whether it is advantageous based on your revenues, especially if they are not sufficiently high.
Regardless of the type of activity, you will be subject to a tax rate ranging from 5% to 43%. Under the flat-rate scheme (Regime Forfettario), the fixed rate is 15% or 5% for the first 5 years, while under the ordinary regime (Regime Ordinario), you will pay income tax (IRPEF) at a rate ranging from 23% to 43% depending on your income.
Disclaimer: Zeuler disclaims all responsibility for the statements contained in this article and strongly recommends obtaining advice from independent third-party professionals.
Commentaires