Saturdays, don’t you just love them……….
Saturday, a time for relaxing, catching up on some sleep and socialising. I wish. Alas I have a 100+ slide PowerPoint presentation to translate and seeing as, for some reason, the document did not manage to arrive in my email in-box on Friday, I lost more than half a day which I could have dedicated to this little project. So I’ve been working on it today, while other half and little one went to see ‘Transformers’ at a cinema in the centre of town.
Progress? Some, but not as much as I would have liked. The deadline is quite tight, so this job is going to mean a few almost sleepless nights, I fear.
I do hope you are enjoying your Saturday, adds he, self piteously.
The IRAP quandary
IRAP is a funny little Italian tax which is applied to businesses. This regional tax (IR = Imposta Regionale) should, in theory, only be applied to businesses with a structure. ‘Structure’ in this sense seems to mean a business which has employees. I know of self-employed people who do not pay this tax because they have no employees, although the legality of not paying has not yet been fully proven in the Italian courts despite their having been a few cases on this matter.
Someone I know has recently opted to not pay this tax and acted upon the advice of a tax specialist who does not pay it. My tax accountant, on the other hand, is taking a cautious approach to the payment of this tax and does not think it is a good idea to stop paying it because no definitive decison has yet been reached. Apparently, the Italian tax authorities do not really know if this tax can be legitimately applied to one-person businesses. Yes, it’s all a bit confusing.
Me? I’m umming and aahing over the matter, which is why I’m posting this. What I don’t want to do is to stop paying and then find myself with a retrospective tax bill, plus interest, then again, I’m not too happy about paying a tax which many think I should not be liable for. Difficult situation. Then again, this is Italy, and it could take years before any firm decision is reached, and even if it is, any change in legislation may not be retrospective. Yes, I’m in a quandary.
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