Italian passion for money: culture and attitude towards finance in Italy

Taxes on foreign lotto winnings

Each winner must pay taxes on their winnings.. They vary by country, where is the draw taking place?. Typically, organizers independently determine and pay tax payments according to local legislation, subtracting them from the winning amount.

Russian citizens must remember to pay their own personal income tax at the rate 13%. It is calculated from the winning amount minus the bet. Moreover, from very small winnings amounting to 4 outside. p. (equivalent in another currency) no tax required.

Comment. From an amount over 15 outside. p. Personal income tax must be withheld and transferred to the budget by the organizer. But companies, registered in other countries, they won’t bother with this and the Russian citizen will have to file a return and pay tax on his own.

If between Russia and the country, where is the organizer registered, there are international tax agreements, then double taxation can be avoided. But the list of states, participating in such agreements is limited.

If we keep silent about the winnings...

Often a participant may deliberately remain silent about a big win in another country. Everyone decides for themselves whether to do so or not.. But we must take into account, that if the fact of non-payment of taxes is established, they will be additionally assessed, and you will also have to pay a fine. With large incomes, hidden from tax authorities, a Russian citizen may also face criminal liability.

Who is allowed not to pay taxes in Italy?

Let's say right away, that the right to non-payment of taxes is not established by Italian law. Moreover, regardless of the status of a potential taxpayer. A striking example of this is the sentence of former Prime Minister Silvio Berlusconi to a year of community service for tax evasion..

But there are exceptions for various areas of activity. Let's list just a few of them:

• Enterprises do not pay VAT in Italy, exporting products outside the European Union.
• When purchasing a real estate property of the Prima Casa category, individuals do not pay VAT, and only pay the registration fee.
• There is another relaxation for housing of this type. Citizen, sold his “first house”, owned by him for less than 5 years old and who bought another residential property within a year, no need to pay any taxes. But if new housing was not purchased, the state will have to give 7 % from the cost of sold real estate.

Only individuals are exempt from paying income tax:

• not engaged in labor or entrepreneurial activities;
• having no income.

Exempt from paying tourist tax:

• children, under 10 years of age (in some regions – no older 14 years);
• disabled people and people accompanying them (in the presence of a medical certificate);
• bus drivers and guides.

What is the penalty for non-payment of taxes?

Offenses in the tax sphere entail in Italy both administrative, and criminal liability. The last one is coming, If:

• the amount of unpaid taxes exceeds 200 outside. euro;
• intent to evade will be proven.

As a form of punishment, the tax service may transfer information about the debt to a specialized enterprise and authorize it to collect the resulting debt. This company independently collects the debt from the defaulter by seizing and subsequently selling his property. Upon completion of these activities, the company transfers to the budget (minus the own financial remuneration specified in the contract) a certain amount.

According to current legislation, the activities of such companies must be conducted in compliance with the rights, human dignity and honor.

Medieval history

First registered lotteries, offering tickets for sale with cash prizes, were held in the Netherlands in 15 century. Public lotteries were held in different cities, to raise money for city fortifications and help the poor. City records of Ghent , Utrecht and Bruges indicate that, that lotteries could be even older. Posted by 9 May 1445 year in L’Ecluse concerns raising funds for the construction of walls and city fortifications with a raffle 4 304 tickets and total prize fund 1737 florin (worth about 170 000 US dollars to 2014 year). IN 17 century in the Netherlands it was common to organize lotteries to raise money for the poor or to raise funds for all kinds of public needs. Lotteries proved to be very popular and were considered a painless form of taxation . State Dutch State lottery Staatsloterij - the oldest lottery. The English word "lottery" comes from the Dutch noun "lot", meaning "fate".

First registered Italian lottery Was held 9 January 1449 year in Milan, organized by the Golden Ambrosian Republic to finance the war against the Venetian Republic . Nevertheless, it was in Genoa , What the lotto became very popular. People used to bet on the names of the members of the Grand Council, which were chosen randomly , five out of ninety candidates every six months. This type of gambling was called Lotto or Semenaia . When people wanted to bet more often, than twice a year, they started replacing candidates' names with numbers, and modern lotto was born, according to which, like modern legal lotteries, and illegal numbers games can trace their origins.

German lottery

The game is the official state lottery of Germany and has the most impeccable reputation, which is only possible.

Dates: Saturday, Tuesday, ticket price – 2 euro. The money you win is not tax deductible..

Matrix 6+1, main field scatter 1-49, We select an additional ball in the range from one to ten.

The game is famous for its high chances of success, which is proven by a lot of reviews on the forums.

Now you are quite familiar with almost all significant European lotteries. Use this knowledge correctly and put it into practice. Luck will definitely smile on you!

Play European lotteries on a reliable site (let's play ourselves) you can here!

Taxes in Italy: stamp duty

Stamp duty in Italy is levied on the purchase of shares and other investment instruments. Its sizes can be set as fixed amounts, and as a percentage of the transaction value.

The subjects of tax relations in Italy are legal entities and individuals, being residents and non-residents of the country. Residents of Italy pay taxes to the state treasury on all types of income (including foreign), non-residents - only from profit, which they receive in the country.

Classification of types of income of individuals

According to the Italian tax system, all income of individuals, depending on their source of origin, are divided into 5 main categories:

• real estate and land ownership;
• capital;
• entrepreneurship;
• employment, freelancing;
• other sources of income.

Classification of types of taxes

In Italy, as in other European countries, taxes are divided into direct (levied by the government directly on the income or property of the taxpayer) and indirect (taxes on goods and services, established in the form of a premium to the price or tariff, paid by customers when purchasing goods and receiving services).

Main types of direct taxes in Italy:

• IRPEF (tax on personal income) - income tax in Italy for individuals, which is levied on the income of resident and non-resident individuals;
• IRES (corporate income tax) - income tax in Italy for companies;
• IRAP (regional tax on productive activities) — regional tax on production activities of enterprises;
• IMU (single municipal tax) - single municipal tax, levied on property owners (the government plans to abolish this tax soon).

Buying a European lottery ticket is easy. How?

In fact, joining one of the European lotteries is even easier, than you can imagine. And the most interesting thing, that this can be done in more than one way, and three. And that's what they are.

1. Traveling to one of the countries may coincide, that you will just need to go to one of the European countries. And why not “grab” a ticket to one of the games at the same time?. But it's clear to everyone, that such an event will not be organized specifically for the purchase of a coupon, so let's move on to the following methods.
2. European lottery intermediaries. Who is this? These are companies, similar to the famous Lotto247, the goal of which is to provide players with the opportunity to play foreign lotteries.

This is how their work is structured. You pay for a ticket an amount of a certain amount of euros exceeding the cost of the coupon for the selected game. After which you have a scanned copy of it in your hands. You decide, how to fill it out and give the order to the intermediary, then check the result and get your winnings.

Play European lotteries on a reliable site (work with 2002 of the year) you can follow this link!

Such companies make money on the difference between the real price of a ticket and its nominal value., but in return they offer you to become part of the game and give you a chance to earn millions.

But there are also pitfalls, without them, Alas, nowhere. You should choose a lottery operator carefully and we advise you to spend time and first visit various forums, where does such an impartial analysis of such sites exist?

In addition, please note that, how long has the service existed, offering you his services. Remember, the longer the “service life”, all the better

3. Last method, but no less convenient of all – betting on the game online. What is this? These are services, offering to place a bet on any of the world-famous lotteries. That is, you choose a European lottery or any other directly via the Internet and pay a nominal fee for participation (read for buying a ticket) and boldly “go into battle”.

The undoubted advantage of this method is that you do not overpay the commission for the ticket., but you get a game similar to the original one with identical payouts and distribution of money between the winners.

But there are also small disadvantages. Also, as in the case of intermediaries, you should carefully choose the service, to avoid fraud and waste of money

Pay attention only to sites with a license and reputation, like PlayEurolotto. Availability of a license guarantees the operator’s honesty, but also read the reviews just in case, it won't be superfluous

As a rule, such companies have the widest selection of games, and you are guaranteed to choose a lottery to your liking. Our task is to tell you more about each of the European lotteries, to make your choice easier.

Tax in Italy on corporate profits

Italian legal entities are subject to corporate income tax (corporate income tax and IRES), and regional production tax, (regional tax on productive activities is IRAP).

The IRES tax base is determined in accordance with the international tax principle, which reads, that regardless of location (jurisdiction), where the income was received, if this income is legally attributable to an Italian resident organization, income is taxed in Italy.

IRES is calculated on total net income, reflected in the company's financial statements, subject to specific tax rules. Non-resident companies are taxed only on income from sources in Italy.

There are different methods for calculating your IRAP tax base., depending on the nature of the business, performed by the taxpayer. For companies, involved in sales and production, IRAP's taxable base is broadly represented by a company's gross margin in its financial statements.

Tax rates are set as follows::

• corporate income tax - 24%;
• regional income for production - 3,9%.

To end 2016 financial year, the IRES rate was 27,5%. Special rules were applied for banks and financial organizations.

The following different IRAP rates apply to certain categories of persons::

• 3,80% for companies with a certain state, exclusive right to provide services;
• 4,20% for banks and financial organizations;
• 5,30% for insurance corporations.

Italian regional tax authorities have the right to slightly increase or decrease IRAP rates.

Important fees for Russians

Russians are primarily interested in, how much will it cost them to obtain an entry permit?, and also briefly- or long-term stay in Italy.

Visa application fee:

• Schengen visa categories C – 35 euro. Its owner will be able to stay in the country until 90 days. Visa C for children younger 6 years opens for free.
• National visa category D – 116 euro. Permits stay in the Italian Republic for more than 90 days.

A state fee is charged for granting a residence permit in Italy:

• for up to 12 months – 40 euro;
• from 12 to 24 months – 50 euro;
• Long-term residence permit of the European Union – 100 euro.

Exempt from paying duties:

• persons, who are related to EU citizens, – wife/husband, children;
• citizens of other countries, under 18 years of age;
• People, those who have applied for/extend a residence permit based on: health status, political refuge, according to national, humanitarian, social, auxiliary protection;
• persons, who need to restore a valid residence permit that has been lost or requires renewal;

Registration of permanent residence is carried out with the payment of a state fee of 200 euro. Additional costs will be required:

• stamp duty – 16 euro;
• post office services (when sending documents by mail) – 30 euro;
• for issuing permanent residence on a plastic card – 30 euro.

For filing an application for Italian citizenship, a state fee of 250 euro. You will have to pay additionally 16 euro per stamp, the attributes of which will need to be specified during the application process.

Tax for rich foreigners

IN 2017 In 2015, a single preferential tax became law in Italy., designed for wealthy citizens of other countries. His rate is fixed - 100 outside. euro. Additionally, each family member is paid 25 outside. euro. These conditions apply to foreigners, for whom Italy is the main place of tax payment.

With this innovation, the Italian authorities demonstrated their desire to compete with Spain and the UK.. Offering preferential tax treatment in Italy for foreigners, The republic’s leadership hopes to attract capital from wealthy citizens of other countries into the state’s economy, For example, artists. After all, they will be able to save on paying taxes, exceeding the specified amount.

To take advantage of fiscal preference, the investor must not only have income, sufficient for annual payment 100 outside. euro tax – according to local media estimates, that's ok 15-20 million euros/year. One more condition - from the last 10 A foreigner must have resided in Italy for at least nine years.

The government package also contains other rules for attracting specialists working abroad to Italy. So, For example, proposed to charge on 90 % less taxes on researchers and scientists who once left the country to work, decided to return to their homeland; issue to entrepreneurs, investing from 1 million euros, permanent visa.

Consequences of non-payment of taxes

Among the citizens of the Russian Federation there are many such, who are trying to evade taxes. Very often violators are punished by law, paying huge fines. But there are craftsmen, who manage to find loopholes in Russian legislation.

In Italy everything is completely different. There, defaulters and cheaters are treated with particular severity.. You can even lose your freedom for tax evasion, not that, what to pay a huge fine. But the mentality of local residents also plays a role.. Italians consider it their duty and direct responsibility to pay the state amounts from their income, provided for by law.

How to increase your chances of winning?

Let's give some advice, how to increase your chances of winning in SuperEnaLotto.

#1. Choose more combinations

In SuperEnaLotto you can buy multiple tickets for each draw. The more coupons you buy, the more combinations become winning. Which means, the probability of winning also increases.

#2. Study lottery statistics

SuperEnaLotto publishes data on all draws in the public domain. You can see, what numbers come up often, and which ones are rare.

Here are the numbers that appear most often in SuperEnaLotto:

But which ones are the least common?:

• How often are all SuperEnaLotto numbers drawn?
• How often are all SuperStar numbers drawn?
• how often do pairs fall out?, triples of consecutive numbers.

Statistical information, which is published by the organizers of SuperEnaLotto, can help at a “long” distance – when the player participates in more than one or two, but at least in 20-30 circulations.

Responsibility for violation of tax laws

In situations, when a person must declare income himself, may have problems, For example, failure to comply with deadlines for submitting documents to the tax office and making payments. Serious violation of the law - evasion of obligations. Failure to pay small amounts in the Russian Federation may result in administrative liability. For concealment 2 700 000 rubles and more, an individual is subject to criminal punishment (suspended or real sentence, fine of hundreds of thousands).

Checking the declaration electronically

Late payment of fees on declared income leads to the accrual of penalties. They are calculated using the formula: arrears × Central Bank refinancing rate × 1 / 300 × number of calendar days of delay. Coefficient 1 / 150 applies, if no more tax is paid 30 days. The period is calculated from 15 July of the same year, in which the declaration was submitted.

Example 1: Russian won at a bookmaker's office in Belarus, and at the operator's box office they removed 4%. In the Russian Federation, he must declare income minus 4000 rubles (tax-free base) and pay tax in 13% from the remaining amount.

How does the inspectorate find out about winnings?:

• Interstate information exchange. The Russian Federation and the United States transfer to each other information about the income of non-residents in gambling. Thanks to an agreement between countries, Russian citizens are not charged fees at the bookmaker's office., from lotteries.
• Banks, payment systems.
• Contractors - bookmakers, lottery organizers, casino.
• Declaration of imported money from abroad.

If there are no fees on lottery winnings in the country, sports betting, and the prize was received abroad, he is subject to income tax in his state. For example, in Germany they charge from 14% to 47% from foreign sources, although the internal rate is equal 0%.

In many countries, bettors, lottery participants are forced to pay taxes. It's an integral part of the game. If the responsibility for paying fees falls on the shoulders of the citizen, need to study the legislation, to avoid administrative, criminal punishment. In case of large winnings, it is recommended to consult with lawyers, specializing in taxation.

Why choose Lotto Agent?

This service has a relatively low price for tickets, and all services are included in the price, taking into account round-the-clock Russian-speaking technical support, and quite positive reviews. Other advantages of Lotto Agent:

• you can take part in more, how 20 foreign lotteries;
• tickets for all drawings are in one tab, making it easier to track results;
• You can top up your balance in any convenient way: payment card, transfer from WebMoney electronic wallets, Yandex money, Kiwi, from the account of mobile operators Tele2, Megaphone, MTS, Beeline;
• the participant is provided with bonus discounts when purchasing multiple editions, Subscription;
• notifications about the results of the draws are sent by email and displayed in your personal account;
• there is an affiliate program.

World lotteries. Review of the best of them.

Many people on the Internet are interested in foreign lotteries or world lotteries, but they don't quite understand, how to play them and which lottery is better to choose. Therefore, I decided to make a short review of the world's most popular lotteries and suggest a service, through which you can buy foreign lottery tickets. Now let's begin.

The best lotteries in the USA and Europe.

PowerBall is the most popular US lottery with huge jackpots (no less 40 million US dollars). Her story begins with 1992 years and during all this time she made people rich 350 Human. The current jackpot for this lottery is 127 million dollars. To play this lottery, go to the website and select 5 main numbers with numbers from 1 to 69 and 1 additional number from 1 to 26. This lottery draws are held on Wednesdays and Saturdays.

MegaMillions - this US lottery is the richest lottery in the whole world. The current jackpot amount is 69 million dollars. To participate in this lottery, go to the website and select 5 main numbers from digits from 1 to 75 and additional number from 1 to 15. Drawings for this lottery are held on Tuesday and Friday.

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EuroMillions - you could say, that this is the most popular European lottery. She has one of the best odds of winning a prize (or jackpot) and he makes up 1 by 13. And the maximum jackpot was 190 million Euro. So we can safely say, that EuroMillions is among the world's best lotteries. In order to play this lottery you need to go to the website and select there 5 main numbers from numbers from 1 to 50 and two additional Lucky Stars numbers from 1 to 11. The current jackpot amount is 15 million Euro. The draw is held on Tuesdays and Fridays.

EuroJackpot - Europe's newest lottery. The current jackpot amount is 28 million Euro. To play this lottery go to the website and select there 5 main numbers from numbers from 1 to 50 and two additional numbers from 1 to 10. The draw is held on Fridays.

Chances of winning

World lotteries give us different chances of winning a prize and jackpot, but the winning amounts are always different. Let's take a look at the odds of the best foreign lotteries.

• PowerBall
  • Odds of winning any prize: 1 To 24.87
  • Odds of winning the jackpot: 1 To 292,201,338
• MegaMillions
  • Odds of winning any prize: 1 To 14.7
  • Odds of winning the jackpot: 1 To 258,890,850
• EuroMillions
  • Odds of winning any prize: 1 To 13
  • Odds of winning the jackpot: 1 To 116 531 800
• EuroJackpot
  • Odds of winning any prize: 1 To 26
  • Odds of winning the jackpot: 1 To 95 344 200

I also want to remind you, that there is a way to increase your chances of winning! I dedicated a separate article to this topic, “How to win a million in the lottery.”.

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Happy gaming everyone!