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Italian Bollo tax

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edited Nov 25, 2020 11:34AM in Tax & Global 12 comments

Summary

Anybody got a solution to calculate Bollo Tax?

Content

Hi,

 

We're having issues trying to find the best way to configure for Italy's Bollo tax.

Bollo tax is single charge per invoice of 2 EUR. It's charged on an invoice when the total invoice lines are greater than 77 EUR.

The client is using AGIS and Projects. 

Although its a small amount , if not don't dealt correctly the client is open to fines and fails their tax audit.

Automation is difficult as it needs to look at invoice total where Oracle currently doesn't have this functionality. Anybody found a workaround for this issue?

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