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 […]
RW, IVAFE and IVIE – 2017 Slides
Below are the slides of the Presentation to Democrats Abroad on 26 June 2017 covering tax reporting requirements. The rules require individuals who are tax resident in Italy to disclose investments in real estate and financial assets that they hold outside Italy. There are also taxes due on the capital value of these assets and […]
Tax and Social Security Services for International Assignments and Local Hires
Tax and social security compliance support, and more. We can provide a full range of services for non Italian businesses sending employees to Italy or hiring staff locally. Exactly what is required will depend on the circumstances but we believe we can offer the full range of services comprising: We can help with planning the […]
Double Tax Treaties
Treaties between Italy and other countries for the avoidance of double taxation Italy has an extensive range of treaties for the avoidance of double taxation – covering mainly income taxes but others covering gift, estate and inheritance taxes. All of Italy’s Double Tax Treaties (Income Taxes) Click here for a full list of Italy’s tax […]
Italian tax regime to encourage high net worth individuals to move to Italy
Italian 2026 Draft Finance Law The Italian Ministry of Finance web site: https://www.mef.gov.it/export/sites/MEF/documenti-pubblicazioni/doc-finanza-pubblica/doc/DOCUMENTO-PROGRAMMATICO-DI-BILANCIO-2026.pdf and the web site of the Italian Senate https://www.senato.it/service/PDF/PDFServer/BGT/1477486.pdf report the issue of a draft of the Italian Finance Act for 2026. The Draft Bill is now proceeding with the Parliamentary debate and approval process, during which it may be amended, before […]
Brexit Event Magenta
[embeddoc url=”https://taxing.it/wp-content/uploads/2017/01/Brexit-The-Day-After-in-UK-and-Italy-Magenta-Jan-2017.pdf” viewer=”google”] The slides of Colin’s Presentation to Magenta’s English Club on 18 January 2017
The 2017 Italian Finance Law – a new tax on business profits (IRI).
[embeddoc url=”https://taxing.it/wp-content/uploads/2017/01/TaxingItTN20170112-002.pdf” viewer=”google”]
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 […]
MEF releases Italy tax revenue figures for first seven months of 2016
Italian Ministry of Finance reports total tax revenue up 3.8% in the period January-July 2016. In the first seven months of 2016, according to the Italian Ministry of Finance total Italian tax revenues amounted to almost 244 billion euro, an increase of 3.8% (+8.9 billion euro) compared to the same period of 2015. Read more […]