Reckoner for calculating difference between 7% flat tax regime and normal regime where tax is also due outside Italy | |||
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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 |
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