Privacy Policy and Data Protection
Below you will find our data protection policy. Avv. Colin Jamieson (“us”, “we”,”our”, or the “Firm”) operates http://www.taxing.it (the “Site”) and is responsible for your personal data when you engage with his firm (the “Firm”) and where we provide you with tax and legal services (the “Services”). This page informs you of our policies regarding […]
Translation, Interpretation and Certification Services
Translation Services We work with a firm of translators, whose translators are members of the Chartered Institute of Linguists and A.N.I.T.I. Associazione Nazionale Italiana Traduttori e Interpreti – the Italian National Association of Translators and Interpreters). Some of the Translators are accredited by the Court of Milan to provide official sworn translations at the Court. […]
Paying Italian Tax without an Italian bank account
Taxes It is possible to pay Italian tax (not social security contributions) without an Italian bank account. You need to find the relevant account for the tax payment you want to make and then in the “causale” (description) box you put in the following Tax code (fiscal code number) of the taxpayer The individual code […]
Tax on Capital Gains for Individuals – Disposals of Shareholdings
Background – Taxation of Gains and Losses The disposal of shareholdings (e.g., shares or equity interests in companies) in Italy may trigger a charge to Italian tax on any capital gain under the Italian Tax Code (DPR 917/1986). The tax treatment differs significantly based on the percentage interest in the company and Italian tax residency […]
The Regime Forfettario – Flat Rate Tax Regime for Freelance Businesses
Introduction A special tax scheme (Regime Forfettario) offers a flat rate of tax on gross income for taxpayers looking to get themselves registered for VAT in Italy and carry on a self-employed business or profession. The various schemes for small taxpayers (the Regime dei Minimi/Regime Forfettario) have seen a number of changes over the years and […]
Treaties between Italy and the U.S.
Italy has agreements with the U.S. for the avoidance of double taxation – covering mainly income taxes, social security and gift, estate and inheritance taxes. Income Tax Treaty (Double Taxation Convention) Convention Between the Government of the United States of America and the Government of the Italian Republic for the Avoidance of Double Taxation With […]
Italian tax regime to encourage high net worth individuals to move to Italy
Background Italy’s 2017 Finance Law introduced a tax regime designed to compete with other special tax regimes around Europe that provide a special tax regime to attract people to come and live in the country offering the regime. The Italian regime is targeted at attracting high net worth individuals to Italy. It required, a the […]
Foreign Asset Reporting, Section RW, IVIE & IVAFE – Wealth Tax on Foreign Property
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 tax resident. IVAFE, the tax on the value […]
2016 Italian Tax Update
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Terms and Conditions for Use of this Website
Notice of Terms and Conditions for Use of the Website If you continue to browse and use this website, “www.taxing.it” (the Website) you are agreeing to comply with and be bound by the following terms and conditions of use, which together with our privacy policy and our general terms and conditions of business govern your […]