The Visura Catastale
What is the Visura Catastrale The “visura catastale” (Land Registry Extract)Â 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 […]
Definition of “partecipazione qualificata” – the significant shareholding
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 below) carrying, either: a) more than 2% (5% for non-quoted […]
The Double Whammy
What is the “Double Whammy” in Italian tax? The “double whammy” is what hits certain individuals who have recently moved to Italy and new businesses in the second year after start-up. No tax in your first year You pay no tax in your first year after the move but the tax due for that first […]
2019 Tax Update
Attached are the slides of our recent presentation to the International Association of Accountants [embeddoc url=”https://taxing.it/wp-content/uploads/2019/04/The-2019-Spring-Italian-Tax-update-20190312-112PE_opt.pdf” viewer=”google”]
Our most popular google search terms
Search Term Response Italy Tax Year Italian Tax Year The tax year in Italy ends on 31 December of each year.Companies, partnership and other bodies corporate can choose their own financial year end and direct tax filings will be set according to their chosen accounting period. VAT returns however are based on the calendar year. […]
Italy Tax Guide
Overview This is a very general guide and only intended to give some basic background information. It should not be seen as a substitute for specific advice. Table of Contents Tax residence Impact of tax residence Individuals who are tax-resident in Italy for tax purposes are subject to Italian income tax on their worldwide income. […]
Flat Tax for pensioners coming to live in the South of Italy – 10 years at 7%
What does the special tax relief consist of? A 7% flat tax on all income for all pensioners (regardless of nationality) who: have been tax resident outside Italy for at least five (5) years prior to the tax year in which they become Italian tax resident; transfer their tax residence to one of the Regions in […]
Manage your Canone TV Licence Fee
Official Guidance on Meaning of Equipment (in Italian) “As is well known [sic], art. 1 of Decree of the Crown no. 246/1938 provides that “Anyone holding one or more of the following items of equipment which are suitable or can be adaptable for the reception of “radioaudizioni” (intepreted as TV radio signals) must pay the […]
Degrees of Kinship and Affinity Under Italian Law
The Italian Civil Code (Articles 74 ff) contain the criteria for determining the degree of kinship and affinity of your relatives. This degree is a fundamental concept in Italian law and is an essential part of, among other things, the rules of inheritance and succession. The table in the pdf document below below the degrees of […]