From 1 January 2023, if new rules in the draft Finance Law for 2023 are enacted, gains on the disposal of crypto currencies will be liable to a 14% substitute tax. Article 30 of the draft Budget Law 2023 inserts a new category of miscellaneous […]
Contents Details of the regime The Italian Government has in place a special tax regime designed to encourage the movement of “human capital” to Italy (lavoratori impatriati”). The current regime provides that 70% of qualifying income from employment carried out in Italy is exempt from […]
This guide briefly sets out the main Italian income tax issues arising on the purchase or use of, residential, urban (i.e. non agricultural) real estate in Italy to carry on a lettings business. Apart from the income tax, if you rent out property who […]
A non-Italian business considering employing an individual in Italy needs to consider whether the activities carried on by an Italian based employee in Italy create a corporate income tax (IRES) liability on the profit attributable those activities. Foreign corporations with a “permanent establishment” (or fixed […]
What is the TFR? Employment agreements in Italy are generally governed by the terms and conditions of the relevant national collective labour agreement (CCNL) negotiated from time to time by the Italian government, the trade unions and employer organisations. These standard contracts make provision for a series of provisions applicable to the hire of individual employees in Italy. Regardless of […]
Subject to Implementing Legislation! A further decree of the relevant Ministries (Interior, Labour, Foreign Affairs and Tourism) is awaited (and has been delayed presumably by Parliamentary elections on 26 September) We will post further once we have further news. Italy has introduced new rules to […]
The rates of interest on overdue tax is a matter of some complexity. The Italian Parliament has, over the years, proposed simplification but the relevant draft legislation has not so fare been enacted. Numerous different rates apply to different kinds of tax in different circumstances. […]
Advance Communication of Occasional Hires The Labour-Fiscal Decree no. 146 2021, linked to the Budget Law 2022, introduced the obligation of prior communication of the use of occasional self-employment. On this subject, the Labour Inspectorate has published note no. 29-2022, with instructions on how to […]
Decree Law no. 21/2022 (the “Ukraine” Decree) provides, for FY 2022, for the possibility of giving employees with up to Euro 200 worth of petrol coupons. Up to that limit the monetary amount provided is exempt from Italian social security contributions and income tax. The […]
Law Decree no. 17 of March 1, 2022, containing urgent measures for the containment of electricity and natural gas costs, the development of renewable energy and the relaunch of industrial policies, known as the Energy Decree was published in the Official Gazette no. 50 of […]
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