| Reckoner for calculating difference between 7% flat tax regime and normal regime where tax is also due outside Italy | |||
|---|---|---|---|
| Taxable Income | |||
| Foreign Tax % | |||
| Tax due on 7% Regime | 7% | ||
| Total Tax | |||
| Effective Rate of Tax | |||
| Tax due on Normal Regime | |||
| Italian Tax % | |||
| Less Credit For Foreign Tax | |||
| Italian Tax Due | |||
| Total Tax | |||
| Effective Rate of Tax | |||
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