I am trying to understand how taxation works for an italian (EU) resident.
I do have a TIN number as well as VAT number, but what exactly Spreadshirt has to deduct from my earnings?
I understand that this is the basic deduction: 15% withholding tax plus 5.5% solidarity surcharge on the withholding tax.
But what about VAT? In Italy we have a 22% tax on every transaction. Does Spreadshirt deduct that as well?
It’s not clear in the documentation.
Thank you for any help!