Increase in IVIE and IVAFE Starting from FY 2024, the rate of IVIE, the tax on the value of foreign (non Italian) real estate located abroad, will increase from 0.76% to 1.06%. This increase applies generally to all real estate situated outside Italy by a […]
Italian Ministry of Finance reports total tax revenue up 3.8% in the period January-July 2016. In the first seven months of 2016, according to the Italian Ministry of Finance total Italian tax revenues amounted to almost 244 billion euro, an increase of 3.8% (+8.9 billion […]
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The apostille – what is it? An “apostille” is a form to be applied to documents for use in countries that are party to the 1961 Hague Convention. The convention is designed to rationalise procedures for the recognition and validation of legal documents executed in […]
The UK/Italy Convention for the Avoidance of Double Taxation of Income (or Double Tax Treaty) was signed at Pallanza on 21 October 1988. It entered into force on 31 December 1990. It came into effect in the United Kingdom from 1 January 1991 for petroleum […]
Over the years the Italian government and authorities have been working hard to consolidate and simplify the Italian tax system. However, like may tax systems in sophisticated modern States, the system is complex. This is a result of an organic growth of the rules, continued […]
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