June 2018 – Italian Tax

Extended definition of Permanent Establishment

Italy’s 2018 Finance Act has made some significant changes to the definition in the domestic Tax Code of Permanent Establishment (PE). Specifically the changes: — extend the definition of agency PE definition; — make ALL the listed activities (deriving from the OECD standard model) which […]

Rent to Buy: what it is and how it works

Do you want to buy a house but cannot find a bank to put up the finance you need. Are you concerned about making a commitment to buy but not sure about the timing? Italian law has a solution: the “Rent to Buy” scheme (affitto […]

“Impatriates” Tax Relief on earned/self employment income: 5 Year Extension after initial 5 year period The "Decreto Bilancio 2021" (Law 178/2020), has...
Italian Tax Agency Glossary of Tax Terminology in English: The Italian Tax Agency has published a glossary of tax...
TFR – the Trattamento di Fine Rapporto or Employee Leaving Indemnity: What is the TFR? Employment agreements in Italy are generally governed by the terms and...
Second payment on account: By 30 November of each year, Italian taxpayers must make payment of the second payment on account....
Tax Penalties and the Ravvedimento Operoso: The Ravvedimento Operoso Procedure derives from the Italian word which can be literally translated...
Stock options – the timing of the tax benefit: The Italian Tax Agency responding to a request for an official interpretation on the tax treatment...
List of deductions and deductible expenses in the FY 2020 tax return: Background An Italian resident taxpayer has the right to certain deductions and claim a tax credit...
Decree Law “ Cura Italia” – Covid-19 – Special Measures To Protect Health and Support the Economy.: At a meeting of the Italian Council of Ministers of 16 March 2020 (press release no. 37/2020), the...
Do I need to file an Italian Tax Return?: If your only source of income derives from employment (ie. you are hired on an definite or...
Tax Relief for the Purchase of Furniture and Household Appliances: What is the Tax Relief? Italy's recent Finance Law for 2020 extended the tax credit equal to 50%...

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