Italian 2026 Finance Bill – Key Tax Measures: Support for Middle and Low Incomes | Revision of IRPEF tax brackets | Abolition of reduced 21% rate on short term lettings | Baby bonus | Enhanced parental leave and nursery bonus | Social security exemption for working mothers | Increased deductions for private school expenses | Family endowment fund | First home mortgage guarantee fund | Support for food purchases | Energy-efficient appliance bonus | Cap on deductions for incomes over €75,000 | Exceptions for healthcare, mortgages, and startup investments | End of deductions for children over 30 (except disabled children) | “Hire more, pay less” tax deduction for new permanent hires | Reduced tax on productivity bonuses | Fringe benefit exemptions | Relocation support for new hires | Raised flat tax threshold for employees and pensioners | Reduced corporate tax (IRES) for reinvested profits | Tax credits for southern Italy investments | Enhanced “Nuova Sabatini” machinery financing | Support for SME stock market listings | Increased public investment in defense, infrastructure, and healthcare | Banking and Insurance | Deferred deductions for financial sector losses | Annual stamp duty on life insurance contracts

The Double Whammy

What is the “Double Whammy” in Italian tax? The “double whammy” is what hits certain individuals who have recently moved to Italy and new businesses in the second year after start-up. No tax in your first year You pay no tax in your first year after the move but the tax due for that first […]

Flat tax regime – Tax Agency Resolution

A taxpayer who has worked for an employer in the two tax periods prior to the intended start of the flat tax regime (regime forfettario agevolato) cannot apply for the regime if he or she will be mainly working for the ex-employer once self-employed.  The reason for this rule is to reduce the possibility that […]

2019 Tax Update

Attached are the slides of our recent presentation to the International Association of Accountants   [embeddoc url=”https://taxing.it/wp-content/uploads/2019/04/The-2019-Spring-Italian-Tax-update-20190312-112PE_opt.pdf” viewer=”google”]

delete me 2019 Tax Update

Below you will find, the slides of our recent tax update in Cernobbio.  If you have any questions feel to drop us a message.    

Our most popular google search terms

Search Term Response Italy Tax Year Italian Tax Year The tax year in Italy ends on 31 December of each year.Companies, partnership and other bodies corporate can choose their own financial year end and direct tax filings will be set according to their chosen accounting period.  VAT returns however are based on the calendar year.  […]

Client Terms of Business

Click on the button below to download a pdf copy of  this page to your PC or smartphone Table of Contents Avv. Colin Jamieson (“us”, “we”, ”our”, or the “Firm”) operates www.taxing.it (the “Site”) and is responsible for the terms on which you engage with the Firm and  how we provide you with tax and […]

Cross-border successions

Stone Landing Stage

The European Union Regulation No 650/2012 is now in full effect.  This covers “jurisdiction, applicable law, recognition and enforcement of decisions and acceptance and enforcement of authentic instruments in matters of succession.” The objective of the Regulation is to facilitate cross border successions making it easier for European citizens to handle the legal side of […]

Tax for freelance teachers

Palladio Vicenza

Starting a new job as a freelance teacher?  The school might recommend that you get registered for VAT under the flat-tax regime (regime forfettario).  Nothing wrong with that – simplified accounting formalities, no need to add VAT onto invoices etc. But have a word with us before you do.  You might be exempt tax under […]