Italy: IFTT - Procedure to request the Italian Fiscal code
Foreign intermediaries acting as “liable parties” that are obliged to file an IFTT declaration under the Italian Financial Transaction Tax rules are requested to obtain an Italian Fiscal Code (ITIN) unless they already have one.
The ITIN enables to perform the monthly payment of the tax to the Italian Treasury, unless the foreign intermediary has a permanent establishment (PE) in Italy. In this latter case, we kindly remind that IFTT obligations, including payment, recordkeeping and reporting, must be performed directly by the Italian PE.
Action to be taken
The Italian Tax Authorities (ITA) clarified that, for the time being, and until further notice, foreign liable parties should follow the below procedure to obtain the ITIN:
1. Fill in Part B of form AA5/6 (the form in editable version and the relevant instructions can be downloaded here.
2. Provide (in the form of email attachment) some appropriate documentation that proves the actual existence of such entity, in accordance to the rules applicable in the country of resident of the applicant (e.g. By Laws, Certificate issued by the Chamber of Commerce, etc.)
3. Send the application form, duly filled in, and the appropriate documentation (see point 2) to the following email address: entrate.ftt@agenziaentrate.it.
ITA also clarified that the above e-mail communication must be directly received from the liable party requesting the code and cannot be performed by any financial intermediary supporting the liable party.
The list of the activity codes is attached to this document (ATECO CODES). The list is currently available only in Italian. For the choice of the most appropriate activity code, reference should be made to the business purpose of the applicant.
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