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?

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

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.Ā  The amount […]

Tax credit for employment income

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

Our Italian Tax Return and Payment Support Service

Modello Redditi PF The tax return is called ā€œPFā€ standing forĀ Persone FisicheĀ (individuals).Ā ModelloĀ in Italian means ā€œFormā€. The PF form is for use by individuals who are not able to present the simplified tax return (theĀ modelloĀ 730) or who having filed a 730, need to report foreign income […]

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