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 […]
Background Italy’s 2017 Finance Law introduced a tax regime designed to compete with the other special tax regimes around Europe that provide a special limited tax regime. The regime is targeted at attracting high net worth individuals to Italy. It requires a lump-sum payment of […]
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 […]
The apostille – what is it? 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 […]
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 2022. For applicable rates before that date please click … […]
These are the personal income tax rates that apply after 1 January 2024. For applicable rates before that date please click …. […]
Italy has no personal relief nor (any longer) a no-tax zone. This means that you start paying income (at 23% – see the marginal rates here) of the first euro of income. However Italy has an intricate system of tax credits (described as “deduzioni” – […]
General Rules An Italian resident taxpayer has the right to certain deductions and claim a tax deduction or tax credit for certain expenses and charges incurred in the relevant tax return. Some, but not all, of these deductions/credits may be claimed by non-residents with taxable […]
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