A special tax scheme (Regime Forfettario) offers a flat rate on gross income for taxpayers looking to get themselves registered for VAT and start a self-employed business or profession. The various schemes for small taxpayers (the Regime dei Minimi/Regime Forfettario) have seen a number of […]
Below are the slides of the Presentation to Democrats Abroad on 26 June 2017 covering tax reporting requirements. The rules require individuals who are tax resident in Italy to disclose investments in real estate and financial assets that they hold outside Italy. There are also […]
These are the personal income tax rates that apply before 1 January 2022. For applicable rates after that date please click this link FY 2021 Rates of Italian Income Tax (based on annual income) New rates apply from 1 January 2022 – see this post […]
Doubling of HNWI Flat Tax from Euro 100k to 200k An Italian Government Press Release reports that the Italian Council of Ministers, in a meeting on 7 August 2024 approved the text of a draft Decree introducing a series of urgent tax and other measures. Decree-Law […]
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 […]
An “apostille” is a form to be applied to documents for use in countries that are party to the 1961 Hague Convention. The convention is designed to rationalise procedures for the recognition and validation of legal documents executed in one signatory country and to be […]
The UK/Italy Convention for the Avoidance of Double Taxation of Income (or Double Tax Treaty) was signed at Pallanza on 21 October 1988. It entered into force on 31 December 1990. It came into effect in the United Kingdom from 1 January 1991 for petroleum […]
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. The amount […]
These are the personal income tax rates that apply after 1 January 2024. For applicable rates before that date please click …. […]
These are the personal income tax rates that apply after 1 January 2022. For applicable rates before that date please click … […]
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