Italian Tax Agency Glossary of Tax Terminology in English

The Italian Tax Agency has published a glossary of tax terminology     Search the Glossary

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, or who have underpaid tax, to pay the tax late, on their own […]

Tax on Disposal of Real Estate

General Rule In Italy, capital gains from the disposal (sale or transfer) of real estate are generally treated as miscellaneous income under Article 67 of the TUIR (Testo Unico delle Imposte sui Redditi, DPR 917/1986).  The taxable gain is the difference between the sale price and the acquisition cost (plus any additional expenses such as […]

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.  

Italian Social Security Rates

The calculation of contributions and of retirement and other benefits under the Italian system is  extremely intricate, being the result of a rigorous rules based system. This post is intended to provide only a general introductory framework of rates, and thresholds for contributions.  Category Applicable Regime Approx. Rate (2024) Contribution Base Notes Employees (private sector) […]

White List Countries

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 from White List countries, i.e. those countries with which Italy […]

Tax Relief for Donations in favour of Italian Art and Culture

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% of taxable income, for individuals and non commercial entities; 0.005% […]

The Visura Catastale

What is the Visura Catastrale The “visura catastale” (Land Registry Extract)  is a document issued by the Italian Tax Agency containing information recorded at the Italian Land Registry in relation to real estate – buildings or land – located in Italian national territory. It is possible to search the land registry to find all real […]

Italian Real Estate Purchase Guide

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 the Exchequer.  The current Italian tax regime seeks to differentiate […]