Prada – Italian Tax Booklet - Prada Group
Prada – Italian Tax Booklet - Prada Group Prada – Italian Tax Booklet - Prada Group
1. INDEX2. SUMMARY .................................................................................................................................... 3(A) General remarks ...................................................................................................................... 3(B) Withholding tax on dividend distribution ................................................................................... 4(C) Capital gains tax on sale of shares (CGT)............................................................................... 4(D) Inheritance and gift tax on donation or inheritance of shares (IGT)......................................... 5(E) Taxpayer liable to payment of CGT and IGT ........................................................................... 53. DOUBLE TAXATION CONVENTIONS ......................................................................................... 5(A) Jurisdictions with which Italy has entered into a double taxation conventions ......................... 5(B) Non-existence of double taxation conventions between Italy and Hong Kong ......................... 64. WITHHOLDING TAX ..................................................................................................................... 6(A) General remarks ...................................................................................................................... 6(B) Rates applicable to individual Shareholders ............................................................................ 71. Individual Shareholders resident in Italy ............................................................................... 72. Individual Shareholders not resident in Italy.......................................................................... 8(C) Rates applicable to corporate Shareholders ............................................................................ 81. Corporate Shareholders resident in Italy ............................................................................... 82. Corporate Shareholders not resident in Italy ......................................................................... 8(D) Tax withheld at source by the Company .................................................................................. 9(E) Credit refund procedure ........................................................................................................... 95. CAPITAL GAINS TAX ................................................................................................................. 10(A) Rates applicable to individual Shareholders ......................................................................... 101. Individual Shareholders resident in Italy ............................................................................. 102. Individual Shareholders not resident in Italy........................................................................ 10(B) Rates applicable to corporate Shareholders .......................................................................... 111. Corporate Shareholders resident in Italy ............................................................................. 112. Corporate Shareholders not resident in Italy ....................................................................... 11(C) “Substantial participation” ...................................................................................................... 12(D) Procedures for computation and payment of capital gains tax .............................................. 126. TAX RETURN ............................................................................................................................. 14(A) Sample tax return form with instructions on how to fill in each section ……………………….14(i) How to obtain an Italian Tax Identification Code (“Codice Fiscale”) and Special PIN Code 15(ii) How to file the tax return .................................................................................................... 16(iii) Deadlines for filing a tax return .......................................................................................... 16(iv) Deadlines for the payment of capital gain tax ................................................................... 17(v) Methods of payment of capital gain tax ............................................................................. 177. CONSEQUENCES OF FAILURE TO FILE A TAX RETURN OR TO PAY TAX ........................ 18(A) Failure to file a tax return ....................................................................................................... 18(B) Failure to pay tax ................................................................................................................... 198. INHERITANCE AND GIFT TAX .................................................................................................. 20(A) Individual investors ................................................................................................................ 20(B) Procedures for payment of inheritance and gift tax................................................................ 219. OTHER TAX/DUTIES .................................................................................................................. 212
- Page 1: Prada - Italian Tax Bookletconcerni
- Page 6 and 7: Ecuador Luxembourg Slovakia Former
- Page 8 and 9: 2. Individual Shareholders not resi
- Page 11 and 12: (B) Rates applicable to corporate S
- Page 13 and 14: consider a 3% shareholding in the c
- Page 15 and 16: The tax return form are usually pub
- Page 17 and 18: The envelope should be addressed to
- Page 19 and 20: Every taxpayer (natural or legal pe
- Page 21 and 22: (B) Procedures for payment of inher
- Page 23 and 24: Italian Tax Booklet - Annex 17 th O
- Page 25 and 26: A special section on the guidelines
- Page 27 and 28: On page 1 of the front cover, the S
- Page 29 and 30: In box “TIPO DI DICHIARAZIONE”
- Page 31 and 32: Though it is not compulsory to prov
- Page 33: In box “NAZIONALITA” (Nationali
- Page 36 and 37: The capital loss, which will be ded
- Page 38 and 39: Italian Tax Booklet - Annex 27 th O
- Page 41 and 42: The Shareholder should complete onl
- Page 44 and 45: If the Shareholder is resident in I
- Page 46: Sample form for obtaining an Italia
- Page 49 and 50: Date of birth in box “Data di nas
1. INDEX2. SUMMARY .................................................................................................................................... 3(A) General remarks ...................................................................................................................... 3(B) Withholding tax on dividend distribution ................................................................................... 4(C) Capital gains tax on sale of shares (CGT)............................................................................... 4(D) Inheritance and gift tax on donation or inheritance of shares (IGT)......................................... 5(E) <strong>Tax</strong>payer liable to payment of CGT and IGT ........................................................................... 53. DOUBLE TAXATION CONVENTIONS ......................................................................................... 5(A) Jurisdictions with which Italy has entered into a double taxation conventions ......................... 5(B) Non-existence of double taxation conventions between Italy and Hong Kong ......................... 64. WITHHOLDING TAX ..................................................................................................................... 6(A) General remarks ...................................................................................................................... 6(B) Rates applicable to individual Shareholders ............................................................................ 71. Individual Shareholders resident in Italy ............................................................................... 72. Individual Shareholders not resident in Italy.......................................................................... 8(C) Rates applicable to corporate Shareholders ............................................................................ 81. Corporate Shareholders resident in Italy ............................................................................... 82. Corporate Shareholders not resident in Italy ......................................................................... 8(D) <strong>Tax</strong> withheld at source by the Company .................................................................................. 9(E) Credit refund procedure ........................................................................................................... 95. CAPITAL GAINS TAX ................................................................................................................. 10(A) Rates applicable to individual Shareholders ......................................................................... 101. Individual Shareholders resident in Italy ............................................................................. 102. Individual Shareholders not resident in Italy........................................................................ 10(B) Rates applicable to corporate Shareholders .......................................................................... 111. Corporate Shareholders resident in Italy ............................................................................. 112. Corporate Shareholders not resident in Italy ....................................................................... 11(C) “Substantial participation” ...................................................................................................... 12(D) Procedures for computation and payment of capital gains tax .............................................. 126. TAX RETURN ............................................................................................................................. 14(A) Sample tax return form with instructions on how to fill in each section ……………………….14(i) How to obtain an <strong>Italian</strong> <strong>Tax</strong> Identification Code (“Codice Fiscale”) and Special PIN Code 15(ii) How to file the tax return .................................................................................................... 16(iii) Deadlines for filing a tax return .......................................................................................... 16(iv) Deadlines for the payment of capital gain tax ................................................................... 17(v) Methods of payment of capital gain tax ............................................................................. 177. CONSEQUENCES OF FAILURE TO FILE A TAX RETURN OR TO PAY TAX ........................ 18(A) Failure to file a tax return ....................................................................................................... 18(B) Failure to pay tax ................................................................................................................... 198. INHERITANCE AND GIFT TAX .................................................................................................. 20(A) Individual investors ................................................................................................................ 20(B) Procedures for payment of inheritance and gift tax................................................................ 219. OTHER TAX/DUTIES .................................................................................................................. 212
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