Ravvedimento Operoso – voluntary settlement of tax paid late.

The Ravvedimento Operoso Procedure derives from the Italian word which can be literally translated as “redemption” or “penitence”.   It is, however, in this context not a religious concept, but simply a procedure that allows taxpayers who have missed a deadline for payment to pay tax late with a smaller penalty compared to the rather stiff penalty […]

Our Services

Tax Optimisation for Investors General Italian and International Tax Advice Corporate and Business Acquistion Real Estate Tax Support Business Due Diligence Audit of Tax Tax dispute, mediation and litigation support Social security and pension planning Setting Up in Business    Tax Check Up Notary and Escrow Support Services Downsizing and Country Exit Tax Support Transfer […]

What is an apostille?

An “apostille” is a form to be applied to documents for use in countries that are party to the 1961 Hague Convention.  The convention is designed to rationalise procedures for the recognition and validation of legal documents executed in one signatory country and to be used in another signatory country.  The apostille certifies that the […]

Who we are

Over the years the Italian government and authorities have been working hard to consolidate and simplify the Italian tax system. However, like may tax systems in sophisticated modern States, the system is complex. This is a result of an organic growth of the rules, continued intervention aimed at providing tax breaks and reliefs, targeting tax-avoidance […]

UK Italy Double Tax Treaty – Income Taxes

The UK/Italy Convention for the Avoidance of Double Taxation of Income (or Double Tax Treaty) was signed at Pallanza on 21 October 1988. It entered into force on 31 December 1990. It came into effect in the United Kingdom from 1 January 1991 for petroleum revenue tax, from 1 April 1991 for corporation tax and […]

Second payment on account

By 30 November of each year, Italian taxpayers must make payment of the second payment on account (acconto) of their tax liability for the current year. The first payment is due earlier in the year at the same time as the tax due on income reported in the annual tax return for income received during […]

Tax credit for employment income

Italy has no personal relief nor (any longer) a no-tax zone.  This means that you start paying income (at 23% – see the marginal rates here) of the first euro of income.  However Italy has an intricate system of tax credits (described as “deduzioni” – deductions from taxable income or “detrazioni” deductions from tax due). […]

List of deductible expenses and tax credits in the Italian tax return

General Rules An Italian resident taxpayer has the right to certain deductions and claim a tax deduction or tax credit for certain expenses and charges incurred in the relevant tax return. Some, but not all,  of these deductions/credits may be claimed by non-residents with taxable income in Italy. If the income tax due is less […]

Our Italian Tax Return and Payment Support Service

Modello Redditi PF The tax return is called “PF” standing for Persone Fisiche (individuals). Modello in Italian means “Form”. The PF form is for use by individuals who are not able to present the simplified tax return (the modello 730) or who having filed a 730, need to report foreign income and assets that cannot be returned with the 730 form. […]