Main Residence – Tax Relief on Purchase

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 […]

Tax Amnesty

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 […]

Manage your Canone TV Licence Fee

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 […]

Setting up a Cultural Association in Italy

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 […]

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 […]

What is an apostille?

The apostille – what is it? 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 […]

Second payment on account

By 30 November of each year, Italian taxpayers must make payment of the second payment on account. The first payment was due earlier in the year at the same time as the tax due on income reported in your latest annual tax return.  The amount […]

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” – […]

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