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 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 […]
Attached are the slides of our recent presentation to the International Association of Accountants
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 […]
Below is out guide in pdf format which you can download. 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.
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 […]
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 […]
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. […]
Creating a cultural association is an opportunity to carry out activities in various fields, such as cinema, entertainment, art, culture, civic and social education, environmental protection, establishment of courses, social issues of various kinds etc. Whilst it is possible just to create an association with […]
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