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 SocietĂ Non Residenti 2 Shares In The […]
Personal income tax (IRPEF) rates from 1 January 2024
These are the personal income tax rates that apply after 1 January 2024. For applicable rates before that date please click ….
Table of Interest Rates – Income Tax
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 far been enacted. Numerous different rates apply to different kinds of tax in different circumstances. The table below shows the base table of legal interest […]
Tax Penalties and the Ravvedimento Operoso
The Ravvedimento Operoso Procedure derives from the Italian word which can be literally translated as “redemption” or “penitence”.  It is, however, in this context not a religious concept, but simply a procedure that allows taxpayers who have missed a deadline for payment, or who have underpaid tax, to pay the tax late, on their own […]
Table of Main Registration Taxes in Italy
This is a (very) simplified table of the registration taxes due on certain documents. The tax office will apply the tax according to the substance of the effect that the document has, not the form. Â
Personal income tax (IRPEF) rates from 1 January 2024 backup
These are the personal income tax rates that apply after 1 January 2024. For applicable rates before that date please click ….