Fees Payable on Contributions

Taxation of contributions in kind is the same both at the time of incorporation and at the time of an increase in the share capital.

Indirect taxes are payable by:

• companies of any kind;
• entities other than companies, including consortia;
• associations;
• other organisations of persons or assets, with or without legal personality, whose sole or main purpose is to carry on a commercial or agricultural business.

The most important taxes, registration tax, mortgage and land tax, attract different rates depending on the asset to be contributed. The advice of a notary can be very useful in further clarifying these fiscal aspects of corporations.

The following is a brief summary of the most common cases:

Residential or non-residential building, and/or its accessories, non-agricultural land and related accessories, contributed by a private individual:

• Registration tax 9% (with a minimum of €1,000)
• Transcription Tax: €50
• Cadastral tax: €50

Agricultural land and related accessories transferred by a private individual or by a company not belonging to a professional farmer:

• Registration tax: 15% (with a minimum of €1,000)
• Cadastral tax: €50
• Transcription Tax: €50

Usable building and/or its accessories, contributed by a non-construction company, without exercise of the VAT option:

• IVA: exempt
• Registration tax: €200
• Transcription Tax: 3% (with a minimum of €200)
• Cadastral tax: 1% (with a minimum of €200)

Usable building and/or its accessories, contributed by a non-construction company, with the option to apply VAT:

• IVA: 22% WITH REVERSE CHARGE
• Registration tax: €200
• Transcription Tax: 
3% (with a minimum of €200)
• Cadastral tax: 1% (with a minimum of €200)

A company or a division of a company (even including real property):

• Registration tax: €200
• Transcription Tax: €200 (if real estate included)
• Cadastral tax: €200 (if real estate included)

Also subject to registration tax at a fixed rate of €200 are the following operations:

• capital increase by conversion of bonds into shares
• increase in share capital by switching to reserves;
• legalisation of de facto corporation, arising from common heirs to a company;
• operations of foreign companies and entities;
• company mergers, spin-offs and other statutory changes, including transformations and extensions.