UK Italy Double Tax Treaty – Income Taxes
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 revenue tax, from 1 April 1991 for corporation tax and […]
Second payment on account
By 30 November of each year, Italian taxpayers must make payment of the second payment on account (acconto) of their tax liability for the current year. The first payment is due earlier in the year at the same time as the tax due on income reported in the annual tax return for income received during […]
Personal income tax (IRPEF) rates from 1 January 2024 backup
These are the personal income tax rates that apply after 1 January 2024. For applicable rates before that date please click ….
Tax credit for employment income
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” – deductions from taxable income or “detrazioni” deductions from tax due). […]
List of deductible expenses and tax credits in the Italian tax return
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 income in Italy. If the income tax due is less […]
Our Italian Tax Return and Payment Support Service
Modello Redditi PF The tax return is called “PF” standing for Persone Fisiche (individuals). Modello in Italian means “Form”. The PF form is for use by individuals who are not able to present the simplified tax return (the modello 730) or who having filed a 730, need to report foreign income and assets that cannot be returned with the 730 form. […]