Italian Tax Agency Glossary of Tax Terminology in English
The Italian Tax Agency has published a glossary of tax terminology
Technical Resource
Working in Italy for a Foreign Company
Working as an employee full time in Italy If you are in Italy and thinking of working for an employer or client outside Italy, the legal, tax and social security ramifications can be complex. Liability of the employer to Italian social security If you’re resident […]
TFR – the Trattamento di Fine Rapporto or Employee Leaving Indemnity
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 […]
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 for FY 2019. The amount to be paid by way of […]
Protected: Working in Italy as an Employee of a Foreign (non-Italian) Employer
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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 to pay tax […]
List of deductions and deductible expenses in the FY 2020 tax return
Background An Italian resident taxpayer has the right to certain deductions and claim a tax credit for certain expenses and charges incurred in the relevant tax return – we are starting the 2020 return on income gains realised during the course of 2019. Some of these […]
Tax relief for Building Renovation Works
What is it? Tax Credit for renovation/refurbishment work This consisted originally of a tax deduction – a reduction in computing personal income tax (IRPEF) of 36% (ie. a tax credit) of the expenses incurred, up to a total amount not exceeding Euro 48,000 per property […]
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.
Tax Relief for the Purchase of Furniture and Household Appliances
What is the Tax Relief? Italy’s recent Finance Law for 2020 extended the tax credit equal to 50% of a maximum of €10,000 of expenditure for furniture and household appliances in connection with buildings subject to renovation. The relief applies to expenditure during the course […]