| Historical Italian Corporate Income Tax (IRES) and Regional Tax (IRAP) Rates | |||
|---|---|---|---|
| Period | IRES Rate (Standard) | IRAP Rate (Standard) | Notes |
| Pre-2004 | IRPEG (predecessor): 36-37% | N/A | IRPEG replaced by IRES in 2004 |
| 2004–2007 | 33% | N/A (introduced later) | Initial IRES rate |
| 2008–2016 | 27.5% | 4.25% (1998–2007) 3.9% (from 2008/2009) |
IRAP standard rate reduced in 2008; higher for banks (e.g., 4.65-5.5%) and insurance (5.9%) |
| 2017–2024 | 24% | 3.9% | IRES reduced from 2017; addizionale for banks ~3.5% in early years |
| 2025 onward | 24% (standard) Potential reduced to 20% (premiale) |
3.9% | IRES premiale: reduced rate for qualifying reinvestments/hiring (2025 only so far) |
| Current (as of Dec 2025) | 24% | 3.9% | IRAP: Regions can vary ±0.92%; higher for specific sectors (banks ~4.65%, insurance 5.9%) |
Notes: IRAP is regional and can vary slightly by region/sector. Addizionali/surcharges may apply (e.g., for banks or deficit regions). Always verify with Agenzia delle Entrate for specific cases.
Sources: Agenzia delle Entrate, Ministero dell'Economia e delle Finanze (MEF), PwC Tax Summaries – rates current as of December 2025