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