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. […]
What time is it?
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
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
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 […]
Main Residence – Tax Relief on Purchase
You can save purchase tax (registration tax) on the purchase of Italian real estate if you elect to occupy as your main residence (in Italy) and actually occupy it as such for the five years following purchase. In order to occupy it as your main residence you need to get registered as resident with your […]