regolamento bonus sire - aste sga

Under article 25 bis of Presidential Decree no. 600, of 29/9/73, a tax withholding of 23% is due on the
amounts payable as sales commissions (excluding entry fees, forfeits and penalties) by any person who, in carrying
out a business, purchases or repurchases a horse at auction. Such withholding is to be calculated on 20%
of the taxable amount due to S.G.A. (example: taxable sale fee set forth in S.G.A. invoice Euro 300,00, 20% equal
to Euro 60,00, 18% of 23% of Euro 60,00 = 13,80, tax code 1038).
Agricultural Businesses whose owners are a physical individual are exempted from effecting the tax withholding.
We would remind you of the provisions of law in force on tax withholdings.
With the entry into force of the new provisions on unified payments (taxes and contributions), payments of
the tax withholdings must be effected by utilizing Form F24, payable both at banks and at post offices. Euro
1 is the minimum payment for each individual tax, even following rounding offs.
Art. 10 – MINIMUM SELLING PRICES
The minimum selling price is Euro 1.000. The principal may establish a reserve price, or the minimum price for
which the horse may be sold, exclusively in writing on a form to this effect, to be delivered to S.G.A.’s office,
which will issue a copy of it, and this may be done up to 30 minutes before the horse being put into the ring
for sale.
Art. 11 – LIABILITY FOR DAMAGES
Until the time they are sold, the horses being auctioned shall remain the property of the principal. S.G.A. cannot
be held in any way liable for accidents or illnesses or damages of any nature which may be caused to the
horses or caused by them to third parties, both within and outside the premises where the sale takes place.
Any risk shall remain charged to the principal.
Should the buyer not take possession of the horse when it leaves the ring, it shall be returned by the principal
to his own box, but the buyer or his principal shall be solely responsible for its custody and care.
The principal is, in any event, obliged to ensure that his representatives will be in attendance for two hours after
the end of the Auction Sale. Once this time has elapsed, he may leave the complex giving notice thereof
to S.G.A.’s Office,
Within two hours of the purchase, the buyer, holding the document indicated in article 12 below, shall alternatively:
a) collect the horse purchased
b) communicate that he has taken custody of the horse purchased to the S.G.A. Office at the stabling block
c) ask S.G.A. to feed the horse for the following 24 hours, after having signed an appropriate indemnification
form, adding lodging expenses for any following extra day.
Art. 12 – PAYMENT BY THE BUYER
All sales shall be intended as completed when the lot is sold at the drop of the hammer “in cash”. Any other
form of payment must be agreed in advance with S.G.A.. Without any written deal, pre-emptively agreed, the
payment is intended at the drop of the hammer “in cash”.
It is S.G.A.'s final opinion to decide to accept or not personal cheques.
After the lot is sold by the drop of the hammer, the buyer must sign the purchase confirmation form which
shall contain the fiscal information necessary for invoicing. S.G.A. has the the hability of request a identification
document.
If, but anyhow before and not after 8 days from the date of the sale, is requested a change of the holder of the
invoice, this change has to be accepted in written by the new holder and by S.G.A.. The purchaser remain however
responsable with the new holder.
Should the buyer not respect to make the payment, the principal will be entitled to take enforcement action
directly and exclusively against the buyer.
The horse may be collected from the auction premises only upon presentation of the purchase confirmation
form countersigned by S.G.A..
S.G.A. may refuse to countersign the purchase confirmation form and forbid to take away the horse, in case
that the purchaser omit to pay immedately the payment of the price of the horse and/or of the auction fees,
or whether the purchaser has not made with S.G.A. any written payment deal, pre-emptively agreed.
All payments has to be done by S.G.A. who will issue the invoice for the purchase price and for the auction fees.
All payments must be effected through S.G.A.. In case of delay of payment interests shall accrue calculated
from the date of the invoice until the day when the payment is done in the amount of the rate B.C.E. increased
by 7 points as provided for the art. 5, comma 1° of D.Lgs. n. 231/2002.
In any case, after 60 days from the date of sale, so in the case wherein extension of payment as been accep-