The Italian national social security institute has issued an update to the rates, maximum and minimum thresholds, instructions for the sharing of social security burden applicable to the self-employed for 2020 in circular no. 12 of 3 February. “Collaborators” (ie. those with co.co.pro and co.co.co […]
The Italian government originally published a list in 1996 – known as the White List – concerning changes to the tax regime for interest, and other income on bonds and similar securities, public and private. A reduced rate of tax was available to income deriving […]
This tax relief known as the “Art Bonus” is available to individuals, institutions and companies who support Italian cultural heritage by making financial donations. The Art bonus consists of a tax credit equal to 65% of the donation subject to the following annual limits:- 15% […]
The “visura catastale” (Land Registry Extract) is a document issued by the Italian Tax Agency containing information recorded at the Land Registry in relation to real estate – buildings or land – located in Italian national territory. It is possible to search the land […]
The Italian tax regime applicable to residential real estate can seem confusing. Real estate has always been an attractive source of income for governments around Europe, and Italy is no exception. As real estate is difficult to move about, it presents an easy target for […]
Withholding Tax For Online Portals New regulations, clarification on the existing regime and a new tax withholding obligation for short-term lets, and especially for rental contracts through real estate agencies and online portals (Airbnb and the like) were introduced in 2017 aimed at stemming the […]
This is our general guide to Italian tax. Obviously it’s difficult to summarize a complex system in a single document. But we’ve done our best. This document is not designed to constitute legal advice and you should undertake any action on the basis of what […]
Tax Code Definition The definition of qualified participation can be found in section 67 of the Italian Tax Code.A qualified/significant shareholding is defined as any shareholding (excluding savings shares – “azioni di risparmio”) in the capital or assets of a Company (as defined – see […]
What is the double whammy in Italian tax? The “double whammy” is what hits new businesses in the second year after start-up. No tax in your first year You pay no tax in your first year of operations but the tax due for that first […]
Attached are the slides of our recent presentation to the International Association of Accountants [embeddoc url=”http://159.65.127.138/wp-content/uploads/2019/04/The-2019-Spring-Italian-Tax-update-20190312-112PE_opt.pdf” viewer=”google”]
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