A taxpayer who has worked for an employer in the two tax periods prior to the intended start of the flat tax regime (regime forfettario agevolato) cannot apply for the regime if he or she will be mainly working for the ex-employer once self-employed. The […]
Search Term Response Italy Tax Year Italian Tax Year The tax year in Italy ends on 31 December of each year.Companies, partnership and other bodies corporate can choose their own financial year end and direct tax filings will be set according to their chosen accounting […]
The European Union Regulation No 650/2012 is now in full effect. This covers “jurisdiction, applicable law, recognition and enforcement of decisions and acceptance and enforcement of authentic instruments in matters of succession.” The objective of the Regulation is to facilitate cross border successions making it […]
Starting a new job as a freelance teacher? The school might recommend that you get registered for VAT under the flat-tax regime (regime forfettario). Nothing wrong with that – simplified accounting formalities, no need to add VAT onto invoices etc. But have a word with […]
You can save purchase tax (registration tax) on the purchase of Italian real estate if you elect to occupy as your main residence (in Italy) and actually occupy it as such for the five years following purchase. In order to occupy it as your main […]
As part of the recently installed Italian government’s somewhat controversial “amnesty programme” a number of ongoing Italian tax assessment, investigation and litigation proceedings can be settled at a discount. Also worthy of notice is the programme to enable taxpayers to present supplementary returns amending errors […]
What does the special tax relief consist of? A 7% flat tax on all income for all pensioners (regardless of nationality) who: have been tax resident outside Italy for at least five (5) years prior to the tax year in which they become Italian tax […]
Official Guidance on Meaning of Equipment (in Italian) “As is well known [sic], art. 1 of Decree of the Crown no. 246/1938 provides that “Anyone holding one or more of the following items of equipment which are suitable or can be adaptable to the reception […]
Creating a cultural association is an opportunity to carry out activities in various fields, such as cinema, entertainment, art, culture, civic and social education, environmental protection, establishment of courses, social issues of various kinds etc. Whilst it is possible just to create an association with […]
Doubling of HNWI Flat Tax from Euro 100k to 200k An Italian Government Press Release reports that the Italian Council of Ministers, in a meeting on 7 August 2024 approved the text of a draft Decree introducing a series of urgent tax and other measures. Decree-Law […]
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