We remind you that, according to the provisions of Presidential Decree 600/1973, Articles 13 to 17, and Article 1 of Presidential Decree 695/1996, the following are obliged to keep tax records auxiliary inventory entries enterprises, with a tax period coinciding with the calendar year and whose activity involves the presence of closing inventories of goods, which for two consecutive exercises have exceeded both of the following limits:
1) Revenues: €. 5,164,000.00;
2) Closing Balance: €. 1,100,000.00.
The obligation starts from the following second year upon the fulfilment of the aforementioned conditions and ceases as from the first tax period following the one in which for the second consecutive time the amount of revenues or the value of inventories is below these limits.
In this case, the amount of the inventory must coincide with the compulsory accounting records of the warehouse.
With reference to the sealing formalitiesThere are no initial stamping requirements; the accounts are to be kept at intervals of no more than one month, including summaries, within 60 days of receipt of the documents or issue of internal documents.
Enterprises that do not fall under the obligations set out above may continue to carry out the valuation of goods in order to verify the correspondence of actual stocks, considering:
- goods in the company's warehouses, depots and local units;
- holdings with third parties for goods on consignment, consignment for processing or in another capacity (e.g. on consignment).
While remaining at your disposal for any doubts or requests for clarification, we would like to take this opportunity to extend our best regards to all.