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Click on the button below to download a pdf copy of  this page to your PC or smartphone 1 Introduction Taxing.it/Avv. Colin Jamieson (“We” or “Us” or “Our”) may use cookies, web beacons, tracking pixels, and other tracking technologies when you visit the Website including any other media form, media channel, mobile website, or mobile […]

Tax changes for paper and electronic meal vouchers

  The Italian 2020 Finance Law has made some changes to the tax rules applicable to “Ticket Restaurant” (luncheon vouchers or meal tickets). These vouchers are commonly used by Italian businesses to assist employees traditionally predominantly to cover the cost of the mid-day meal. In recent years many supermarkets have also started accepting vouchers in […]

Tax Relief for Donations in favour of Italian Art and Culture

This tax relief known as the “Art Bonus” is available to individuals, institutions and companies who support Italian cultural heritage by making financial donations. The Art bonus consists of a tax credit equal to 65% of the donation subject to the following annual limits:- 15% of taxable income, for individuals and non commercial entities; 0.005% […]

The Visura Catastale

What is the Visura Catastrale The “visura catastale” (Land Registry Extract)  is a document issued by the Italian Tax Agency containing information recorded at the Italian Land Registry in relation to real estate – buildings or land – located in Italian national territory. It is possible to search the land registry to find all real […]

Payments on account for small businesses

The Italian Tax Agency has recently published (in Resolution no. 93/E of November 12, 2019) clarification on the remodeling of payments on account for taxpayers small businesses subject to the new rules and taxpayers on the lump sum flat tax regime (regime forfettaria)  following the issue of Decree no. 124/2019. That decree changed as from […]

Italian Real Estate Purchase Guide

The Italian tax regime applicable to residential real estate can seem confusing.  Real estate has always been an attractive source of income for governments around Europe,  and Italy is no exception.  As real estate is difficult to move about, it presents an easy target for the Exchequer.  The current Italian tax regime seeks to differentiate […]

ISA (Summary Reliability Indices) – What are they?

With the establishment of the “Indici sintetici di affidabilitĂ ” – ISA’s or Summary Reliability Indices, the Italian Tax Agency aims to “facilitate the compliance of tax obligations and encourage the spontaneous emergence of taxable income.” These indices form part of a wider initiative for Italian taxpayers carrying on business activities, arts or professions, that aims, […]

VAT refunds – Deadline is 30 September 2019

EU Directive 2008/9/EU (implemented in Italy by Legislative Decree no. 18/2010) allows VAT registered businesses that incur costs in countries that are members of the European Union (and Switzerland, Norway, Israel and the Principality of Monaco, thanks to reciprocal agreements) to request refund of VAT paid abroad on purchases of products and services. Most purchases […]

Definition of “partecipazione qualificata” – the significant shareholding

Tax Code Definition The definition of qualified participation can be found in section 67 of the Italian Tax Code.A qualified/significant shareholding is defined as any shareholding (excluding savings shares – “azioni di risparmio”) in the capital or assets of a Company (as defined – see below) carrying, either: a) more than 2% (5% for non-quoted […]