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Bus/Financial - Economics | | Italian term or phrase: Imposta regionale sulle attività produttive | L'Imposta Regionale sulle Attività Produttive, nota anche con l'acronimo IRAP, è stata istituita con il decreto legislativo 15 dicembre 1997 n.446. Con la Finanziaria 2008 assume la natura di imposta propria della Regione e, nella sua applicazione più comune, colpisce il valore della produzione netto delle imprese ossia in termini generali il reddito prodotto al lordo dei costi per il personale e degli oneri e dei proventi di natura finanziaria.
È l'unica imposta a carico delle imprese che è proporzionale al fatturato e non applicata all'utile di esercizio |
| | | English translation:Italian regional tax on production/on productive activities | Explanation:
Già nei Kudoz.
http://ita.proz.com/kudoz/italian_to_english/investment_secu...
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Note added at 18 min (2011-08-25 07:22:57 GMT)
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Qui c'è anche un testo bilingue di Eur-Lex che ne parla:
http://eur-lex.europa.eu/Notice.do?mode=dbl&lang=en&ihmlang=...
"Article 33 of the Sixth Directive 77/388 on the harmonisation of the laws of the Member States relating to turnover taxes, as amended by Directive 91/680, does not preclude the maintenance of a charge to tax with the characteristics of the *Italian regional tax on productive activities*. Such a charge differs from value added tax in such a way that it cannot be characterised as a turnover tax within the meaning of Article 33(1) of the directive, inasmuch as it cannot be considered proportional to the price of goods or services supplied and is not intended to be passed on to the final consumer in a way that is characteristic of value added tax." |
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SYLVY75
Italy
Local time: 19:50
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3 hrs confidence:   peer agreement (net): -1 regional tax on business activities
Explanation:
or IRAP
Tax reform introducing IRAP (the regional tax on business activities) in 1998 was mainly aimed at simplifying and rationalizing the tax system by reducing the excess burden of taxation, by increasing neutrality of tax levy with respect to different forms of organising businesses and with respect to the
use of different productive factors, namely capital and labor (profits, interests and wages are all included in the same tax base and taxed with the same rate),
by rebalancing tax incentives towards equity (instead of debt) financing and by reducing the incentives for tax avoidance and tax evasion (mostly by small business).
IRAP dispays the properties of an origin-based, (net) income-type value added tax (OB-(N) IT-VAT). Since the inclusion of all factors of production in the tax base at a rather low and competitive statutory tax rate (originally set at
4.25%), IRAP is considered a broad-base and low-rate (BB-LR) local business tax. Apart from the specific rules established for the banking system, financial intermediaries and insurance companies, for most business activities IRAP tax.
http://mpra.ub.uni-muenchen.de/28070/1/MPRA_paper_28070.pdf
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The translation workplace 
