We offer support to elaborate the Tax Return for your Foreign Account. Don’t worry… we’ll take care of it!
In collaboration with a team of Chartered Accountants with highly experience.
Anyone who opens an account abroad and is a tax resident in Italy, when the financial assets are held in custody or on deposit with a non-resident intermediary (also through a non-resident trust company), has specific reporting obligations: that is, they must report a series of information within the RW part of their own tax return and, at the same time, a particular tax must be paid to the Italian State, the IVAFE. Furthermore, it is compulsory to declare capital gains and losses, also by filling in parts RM, RT, RL. Failure to comply with these obligations constitutes an administrative offense, with financial penalties. Any violations may, however, extend to the criminal field if omissions or unfaithful declarations are considered that result in an evaded tax of a value exceeding certain punishment thresholds provided for by law.
SMART Service
- Starting from 49 EUR (VAT included) for each simulation processed
- The team of tax experts we work with is responsible for processing tax data for the simulation of the reference frameworks of the Single parts (RW, RM, RT, RL). You will be the one to provide the pre-filled tables to your accountant or you can fill out the declaration by downloading the free software from the Revenue Agency website.
- Are you already our client? In this case the quote is free and you will receive it in 24h, just request it by writing to info@blueinvestcapital.com.
The documentation is already in our possession, except for any previous ones relating to previous years that you may need to provide us with. - Aren’t you our client? Request a quote at a cost of 9.00 EUR (VAT included) which we will re-credit you if you become our customer. It will be sufficient for you to send us the Annual Report of your foreign Account (s).
- As required by law, our software is certified by the Revenue Agency: in the event of checks, you will have complete, professional and free assistance from our customer service.
- The numbers are guaranteed and in case of verification you will be covered by insurance stipulated with Lloyd’s of London Policy No. DY084431-LB
PREMIUM Service
- Starting from 149 EUR (VAT included) for each Modello Unico processed and transmitted
- Elaboration of the Modello Unico, production of any F24s and telematic transmission. For the electronic transmission to the Revenue Agency, the team of Chartered Accountants will take care of it and it can also be processed in integrative form to your tax return that you will want to keep separate, as it is followed by your trusted accountant.
- Are you already our client? In this case the quote is free and you will receive it in 24h, just request it by writing to info@blueinvestcapital.com.
The documentation is already in our possession, except for any previous ones relating to previous years that you may need to provide us with. - Aren’t you our client? Request a quote at a cost of 9.00 EUR (VAT included) which we will re-credit you if you become our customer. It will be sufficient for you to send us the Annual Report of your foreign Account (s).
- As required by law, our software is certified by the Revenue Agency: in the event of checks, you will have complete, professional and free assistance from our customer service.
- The numbers are guaranteed and in case of verification you will be covered by insurance stipulated with Lloyd’s of London Policy No. DY084431-LB.
- Do you have multiple foreign accounts with Interactive Brokers and / or other brokers? With the PREMIUM service you will receive a single quote including all positions. We can assure you that you will be satisfied…. test us!
Questions and answers
Who provides the service?
The service is coordinated by Hogg Capital Investments (HCI)’s partner BlueInvest Capital SRL, and it is carried out by a Team of Tax Advisors authorized to provide in Italy such services pursuant to Italian regulations. Notice: BlueInvest Capital SRL is a service providers specialized, inter alia, in management consulting; it does not deal directly with the activities of Legal Advising, Tax Advising, Administration Services and related matters, Financial Advising or other regulated investment services.
How can you be so competitive?
The Tax Return service was created with the aim of offering a punctual, competent and economical service to our customers. The Italian legislation on foreign accounts is quite complex, our team has been collaborating for over 20 years with foreign brokers and banks and therefore we know exactly what it means to fulfill the requests of the Revenue Agency. Most of the costs we incur are related to the training and continuous updating of the Team in charge of carrying out the declarative practices since our first goal is to offer a highly professional service. However, in recent years, technology has come to our rescue and has made it easier to register every single transaction that takes place on the account, facilitating our work which is therefore extremely facilitated. The shorter time required for processing the declaration allows us to keep costs low and to offer advantageous solutions to our customers, whether they are independent traders or users of the Asset Management service.
Do I need to declare losses?
Yes, a foreign account must always be declared and the IVAFE tax will be applied to it regardless of whether capital gains or losses have been achieved.
How much is the IVAFE tax?
The IVAFE corresponds to 0.2% of the average annual account value. It is not payable if this value is less than EUR 5,000
For how many years can the capital losses be recovered?
Losses can be recovered in the 4 years following their accrual.