Tax incentives

How to Benefit from Reduced VAT for Purchases on FISSORE

In the case where you are building a new home or renovating a property, on Fissore.com it is possible to take advantage of the reduced VAT rate of 4% or 10%. On this page, you will find all the instructions to help you purchase your products on Fissore.com taking advantage of the appropriate tax benefits currently in effect.

Purchase Procedure Follow these few simple steps to receive the tax benefit.

Add the desired products to the cart and proceed to checkout.

  • Select the purchase with tax relief by indicating the type of relief requested and proceed.
  • Complete the order.
  • You will receive the invoice from our staff with the updated amount based on the requested discount and, if necessary, a request for some documents required by law to finalize the order.
  • Make the payment exclusively via bank transfer after receiving our invoice.
  • For any information or issues, contact the staff. FISSORE Hello 011.640.66.53 or to the 320.489.88.61.

FIRST HOME CONSTRUCTION

REDUCED VAT 4%

REQUIREMENTS

The property must not be luxurious (the property must not have luxury characteristics, according to the criteria indicated in the decree of August 2, 1969). You must not be the owner, even partially, including under a legal community property regime, of rights of ownership, usufruct, use, habitation, and bare ownership of another residential property anywhere in the national territory.

REQUIRED DOCUMENTS

  • Copy of identity card
  • Copy Tax Code or valid Health Card
  • Self-certification
  • Copy of the Building Permit issued by the Municipality (or Notice of Commencement of Activity/Certified Notice of Commencement of Activity sent to the Municipality)

ORDINARY AND EXTRAORDINARY MAINTENANCE WORKS

On the provision of services related to ordinary and extraordinary maintenance work carried out on residential real estate units, a reduced VAT rate of 10% is applied. For goods, however, the reduced rate is only applicable if they are supplied as part of the contract work.

However, when the contractor provides goods "of significant value," the reduced VAT applies to these goods only up to the amount of the service value considered net of the value of the goods themselves. In practice, the 10% rate applies only to the difference between the total value of the service and that of the goods themselves.

Example

a) total cost of the intervention: 10,000 euros

b) cost for the work performance (labor): 4,000 euros

c) cost of significant goods (for example, faucets and sanitary ware): 6,000 euros

The VAT at 10% is applied to the difference between the total amount of the intervention and the cost of significant goods (a – c = 10,000 - 6,000 = 4,000). On the remaining value of the goods (2,000 euros), VAT is applied at the standard rate of 22%.

The "significant goods" were identified by the decree of December 29, 1999. They are:

  • elevators and freight elevators
  • external fixtures and INTERNI boilers
  • video intercoms
  • air conditioning and air recycling equipment
  • bathroom fixtures and faucets
  • security systems.

The 2018 budget law provides an interpretation of the regulation that stipulates a reduced VAT rate of 10% for significant goods, explaining how to correctly determine their value when components and separate parts of the same goods are also provided during the intervention (consider, for example, shutters and consumable materials used during the installation of a fixture).

In particular, it is specified that the determination of the value should be based on the functional autonomy of the detached parts in relation to the main artifact. Essentially, as the Revenue Agency had already explained in circular no. 12/E of 2016, when this autonomy is present, the components or detached parts should not be included in the value of the asset but in that of the service (and therefore subject to a reduced VAT rate of 10%).

On the contrary, they must be included in the value of significant goods and not in the value of the service if they are an integral part of the good, contributing to its normal functionality.

The same budget law also stipulated that the invoice issued by those carrying out the intervention must specify, OLTRE to the object of the service, also the value of the "significant goods" provided with the same intervention.

WHEN THE BENEFIT DOES NOT APPLY

The reduced VAT rate of 10% cannot be applied:

  • to the materials or goods provided by a party different from the one performing the work
  • to the materials or goods purchased directly by the client
  • to professional services, even if carried out as part of interventions aimed
  • to the building recovery to the performance of services rendered in execution of subcontracts to the company executing the works.

In that case, the subcontractor must invoice with the standard VAT rate of 22% to the main company, which will subsequently invoice the service to the client with a VAT of 10%, if the conditions to do so are met.

BUILDING RENOVATION, CONSERVATIVE RESTORATION

REDUCED VAT 10%

For all other building recovery interventions, the application of the 10% VAT rate is always provided.

It is, in particular:

A. of the performance of services dependent on contracts of procurement or ofOPERA related to the implementation of interventions for

  • restoration
  • conservative restoration
  • renovation

B. the purchase of goods, excluding raw materials and semi-finished products, supplied for the execution of the same restoration, conservative rehabilitation, and building renovation interventions, identified by article 3, letters c) and d) of the Consolidated Text of legislative and regulatory provisions in building matters, approved with Dpr n. 380/2001. The 10% VAT rate also applies to the supply of so-called finished goods, meaning those goods that, although incorporated into the construction, retain their individuality (for example, doors, external fixtures, sanitary ware, boilers, etc.).

The benefit applies both when the purchase is made directly by the client of the work and when the goods are purchased by the company or the service provider.OPERA that executes them.