how do you open a VAT number?

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suchona.kani.z
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Joined: Sat Dec 21, 2024 5:31 am

how do you open a VAT number?

Post by suchona.kani.z »

Let me give you an example: if you are a student who gives private lessons in the summer months, you are performing an occasional service. But if the lessons continue throughout the year, and perhaps you also follow more than one person, yours is a professionally organized activity, and as such must be regulated.

Attention: since 2015, the limits of 30 days per year and 5 thousand euros to indicate an occasional service no longer exist!

Therefore, the obligation to open a VAT number does not depend on the volume of revenue achieved. It is mandatory to open a VAT number when your professional activity becomes habitual and continuous over time.

how to open a vat number


Request your VAT number from the Revenue Agency by filling kuwait email list out a form that will contain your personal data and your ATECO code that identifies your economic activity.
Choose the operating structure of your business , indicating whether you will work individually or by structuring a partnership or corporation.
Choose the tax regime to apply with the VAT number, based on the structure and size of your business.
Regularize with the relevant social security institution : based on the professional category you belong to, INPS Separate Management or Social Security Fund of the Order you belong to.
Important: To ensure that your business is completely legitimate and to avoid any nasty surprises, we always recommend that you consult a professional accountant to help you better understand your situation.

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