Italy’s 2018 Finance Act made some significant changes to the definition in the domestic Tax Code of Permanent Establishment (PE). Specifically the changes: extend the definition of agency PE; make ALL the listed activities (deriving from the OECD standard model) which are deemed not to […]
Do you want to buy a house but cannot find a bank to put up the finance you need. Are you concerned about making a commitment to buy but not sure about the timing? Italian law has a solution: the “Rent to Buy” scheme (affitto […]
Introduction A special tax scheme (Regime Forfettario) offers a flat rate of tax on gross income for taxpayers looking to get themselves registered for VAT in Italy and carry on a self-employed business or profession. The various schemes for small taxpayers (the Regime dei Minimi/Regime […]
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 […]
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 […]
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