VAT and Sales Tax in San Marino
San Marino levies a Value Added Tax called IVA (Imposta sul Valore Aggiunto). While similar to the EU VAT system, San Marino's IVA is a separate regime. The standard rate is 17% with a reduced rate of 9% and a 0% rate for exports.
IVA Rates (2026)
| Rate | Category |
|---|---|
| 17% (Standard) | Most goods and services |
| 9% (Reduced) | Food, medical supplies, books, hotels, transport |
| 0% | Exports, international transport, services to non-residents |
Registration Threshold
Businesses with an annual turnover exceeding €40,000 are required to register for IVA. Businesses below this threshold may register voluntarily. Non-resident businesses supplying taxable goods or services in San Marino must register regardless of turnover.
Taxable Transactions
IVA applies to the following transactions in San Marino:
- Supply of goods and services by a taxable person
- Importation of goods
- Intra-community acquisitions (with EU countries)
Input VAT Recovery
Registered businesses can recover input IVA paid on business purchases, subject to the following rules:
- Full recovery for taxable supplies
- Partial recovery for exempt supplies
- No recovery for non-business or personal use
Filing and Payment
- Frequency: Monthly or quarterly, depending on turnover
- Deadline: By the 15th of the following month (monthly) or 15th of the month following the quarter (quarterly)
- Annual Return: An annual IVA return is also required
Exemptions
Certain supplies are exempt from IVA, including:
- Financial services
- Insurance services
- Healthcare services
- Education services
- Real estate (certain transactions)
EU VAT Distinction
San Marino's IVA is separate from the EU VAT system. While the rates are harmonized to some extent with Italy, San Marino is not an EU member state. Special rules apply to trade between San Marino and EU countries.