Italian corporate entities are subject to a corporate income tax, known as imposta sul reddito sulle società or IRES, and to a regional production tax, known as imposta regionale sulle attività produttive or IRAP.
Corporate income tax (Imposta sul reddito delle società). The tax rate is 24 per cent.
Regional tax on productive activities, is levied on the net value of the production derived in each Italian region by resident company. IRAP is calculated on the “net added value” of production (derived from the statutory accounts).
Does anyone know if this specificity is manageable in S4HC ? If yes, how can we manage it ?