Italian 2026 Finance Law – Key Tax Measures: Reduced Tax Rate for Middle Incomes | Flat-tax/HNWI“new-resident” regime adjustments (for high net-worth individuals) | Incentives / “flat tax” regimes for employment income| Continued incentives for investments and capital goods (businesses) | Tax-collection and “fiscal-relief” measures: debt-collection amortization, freeze for property-transfer taxes | Tax treatment of dividends, capital gains, and financial income | Sectors/Special Taxes: financial intermediaries, “windfall” taxes, bank levy
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The Annual Italian Tax Return

Modello 730 and Modello Redditi PF The Italian tax system offers two main annual  personal income tax return forms: Modello 730 and Modello Redditi Persone Fisiche (PF). Which one a taxpayer must use depends on their residency, type of income, and whether they have an Italian withholding agent. Recent years have seen an extension of […]

Table of Corporate Income Tax and IRAP Rates

Historical Italian Corporate Income Tax (IRES) and Regional Tax (IRAP) Rates Period IRES Rate (Standard) IRAP Rate (Standard) Notes Pre-2004 IRPEG (predecessor): 36-37% N/A IRPEG replaced by IRES in 2004 2004–2007 33% N/A (introduced later) Initial IRES rate 2008–2016 27.5% 4.25% (1998–2007)3.9% (from 2008/2009) IRAP standard rate reduced in 2008; higher for banks (e.g., 4.65-5.5%) […]

Table of VAT Rates

In Italy, Value Added Tax (IVA – Imposta sul Valore Aggiunto) applies to most goods and services. The standard rate is 22%, with reduced rates for specific categories to support essential goods, sectors like tourism, and social services. Current Italian VAT Rates (IVA) – as of December 2025 Rate Description / Main Applications Common Examples […]

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Pay Taxing.It Fees Secure Payment for Taxing.It Services Click below to pay your fees via Apple Pay, Card, or Bank Transfer. You’ll enter the exact amount and our payment reference on the next secure page. Pay Now Powered by Wise – Fast, secure, and low fees.

Italian Inheritance and Gift Tax

Italian Inheritance & Gift Tax: Key Rules (2025 Update) Tax Rates by Beneficiary Relationship Spouse and direct descendants (children, grandchildren): 4% with a €1 million exemption per beneficiary. Siblings: 6% with a €100,000 exemption. Other relatives up to the fourth degree: 6% with no exemption. Unrelated individuals: 8% with no exemption. See this article for […]

Do I Need a Will?

Wills in Italy Starting Point The first step toward answering this question is getting: your details – including your nationality, current place of residence, and expected place of residence when you pass; as accurate a listing as possible of all of your assets, the place in which they are located, the current value, the purchase […]

RW Foreign Asset Reporting Codes

The table below contains the codes to be shown in Section RW of the annual tax return allocating any foreign asset to an individual category. Italian Descriptor Code English Description Conti Correnti E Depositi Esteri 1 Foreign Current And Deposit Accounts Partecipazioni Al Capitale O Al Patrimonio Di Società Non Residenti 2 Shares In The […]

Rates of Italian Withholding Taxes

Tax to be Withheld on Payments to Non-Residents Italy has an extensive series of rules requiring Italian tax resident businesses and professionals to make withholding of tax on certain payments of various types of income, both where the recipient is tax resident in Italy and non tax resident. Individuals acting in a private, non business, […]

Tax Updates

Italian 2026 Finance Law Overview Budget Law 2026 — Approved and OfficialSummary of the fiscal measures contained in the 2026 Italian Budget Law The Italian Parliament has definitively approved the 2026 Budget Law. After the Chamber of Deputies’ vote on 30 December, the President of the Republic promulgated the law the same day. It was […]