NEWCOMO

How do I find my P IVA number ? anyone?

modicasa

You dont just have one, you need to a) go the CCIAA and ask for one or b) get a commercialista. Be warned - as soon as it is released you are deemed to be self employed and will start paying huge amounts of INPS - whether you work or not.

primularossa

I confirm what Modicasa writes. It could be better to open an S.r.l. instead. Think well about the kind of business you are going to do and talk with an expert professional (a "commercialista")

NEWCOMO

Yes. I have a commercialista. I am transferring from another country to Italy long term so tax is not a problem. This is my life so I want to make sure everything is all okay.

Yes. I will open a SRL in 1 year.

I can transfer my tax position to the Srl once the business is established fully.

modicasa

I can transfer my tax position to the Srl once the business is established fully.

Dont be so sure! You will probably have to close your dita individuale and start from scratch , or better - become an employee of your own company - but things are never easy!

NEWCOMO

I was told that the business SRL could purchase the assets of the P IVA and I could transfer as an employee of the SRL as this would be tax efficient? Is this not possible?

modicasa

yes that is possible, but rememebr to close your personal partita iva immediately, or you will be both self employed and dipendente and that will send the AdE into a tailspin

nicktonight

I didn't have to pay any INPS until more than one year after opening a P IVA? - The worst bill came 2 years later. If you open a P IVA and then transfer to an SRL one year later you will have to pay about 27 % of your earnings for the first year to IPNS for which you will get absolutely nothing back. You have to pay contributi for a minimum period of 3 or 5 years to quality for any pension entitlement. I.e. I don't see any point of opening a P IVA at all if you will later switch to an SRL

NEWCOMO

What is the tax regime under P IVA v SRL ? in terms of salary levels and declaration? Is it similar to UK directors?

nicktonight

I don't know about srl - for partita IVA you deduct about 27% of your net income for your INPS contributions and the remainder is subject to the normal Italian income tax + local taxes. Once you have paid your commercialista don't count on having much left for yourself - Last year I paid more tax and INPS that my total income for the year as you end up paying for almost 2 years in your second year of activity - There is absolutely no comparison with the UK - you pay far far more tax here if you are freelance

primularossa

I am not an expert because I am an employee, but I have a friend who is a freelance physiotherapist and he told me that at the beginning he paid only 5% of taxes....

nicktonight

You are right in fact Primula - it seems that since I took out my P IVA Italy has introduced some new legislation that seem extremely favorable to certain freelance workers who start a completely new activity (and have never done one before) called the Regime dei Minimi. see http://www.danea.it/blog/partita-iva-regime-minimi-01/
If you comply with all the conditions this does seem to be the best regime possible - you still have to pay the INPS contributions of 28.3% but the tax rates are very low.

It may be worth looking into this in particular as you have to sign on to this system when you take out your P IVA.

modicasa

yes, if you're young - under 30. Otherwise nothing.

37100

I think, but I'm not sure, that they have changed the age rule.

Bluemoon10

The 'regime dei minimo' is no longer exclusive to under 30's. It can be applied to one's tax regime for a maximum of a 5 years (regardless of the age of the person) or to the age of 35, whichever comes later.

It's worth it, but get some specific advice about your case.