Italian 2026 Finance Bill – Key Tax Measures: Support for Middle and Low Incomes | Revision of IRPEF tax brackets | Abolition of reduced 21% rate on short term lettings | Baby bonus | Enhanced parental leave and nursery bonus | Social security exemption for working mothers | Increased deductions for private school expenses | Family endowment fund | First home mortgage guarantee fund | Support for food purchases | Energy-efficient appliance bonus | Cap on deductions for incomes over €75,000 | Exceptions for healthcare, mortgages, and startup investments | End of deductions for children over 30 (except disabled children) | “Hire more, pay less” tax deduction for new permanent hires | Reduced tax on productivity bonuses | Fringe benefit exemptions | Relocation support for new hires | Raised flat tax threshold for employees and pensioners | Reduced corporate tax (IRES) for reinvested profits | Tax credits for southern Italy investments | Enhanced “Nuova Sabatini” machinery financing | Support for SME stock market listings | Increased public investment in defense, infrastructure, and healthcare | Banking and Insurance | Deferred deductions for financial sector losses | Annual stamp duty on life insurance contracts

Setting up a Cultural Association in Italy

Creating a cultural association is an opportunity to carry out activities in various fields, such as cinema, entertainment, art, culture, civic and social Cultural Associationeducation, environmental protection, establishment of courses, social issues of various kinds etc.

Whilst it is possible just to create an association with a group of friends, with no particular formalities, if you are intending to charge attendance fees to the public for events and meetings or sell tickets for drinks, meals or gadgets then it is good idea to consider formally setting up an association and request a fiscal code number and set up a bank account to keep monies separate from members and officers.  This is not a difficult or expensive procedure.

If you want to go one step further and set up an ONLUS, an Italian charitable organisation, the costs and compliance obligations increase, but so do the tax benefits.

 

 

 

 

 

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