Our Italian Tax Return and Payment Support Service
Modello Redditi PF The tax return is called āPFā standing forĀ Persone FisicheĀ (individuals).Ā ModelloĀ in Italian means āFormā. The PF form is for use by individuals who are not able to present the simplified tax return (theĀ modelloĀ 730) or who having filed a 730, need to report foreign income
List of deductible expenses and tax credits in the Italian tax return
General Rules An Italian resident taxpayer has the right to certain deductions and claim a tax deduction or tax credit for certain expenses and charges incurred in the relevant tax return. Some, but not all,Ā of these deductions/credits may be claimed by non-residents with taxable
Tax credit for employment income
Italy has no personal relief nor (any longer) a no-tax zone.Ā This means that you start paying income (at 23% – see the marginal rates here) of the first euro of income.Ā However Italy has an intricate system of tax credits (described as “deduzioni” –
Personal income tax (IRPEF) rates from 1 January 2024 backup
These are the personal income tax rates that apply after 1 January 2024. For applicable rates before that date please click …. […]
Second payment on account
By 30 November of each year, Italian taxpayers must make payment of the second payment on account (acconto) of their tax liability for the current year. The first payment is due earlier in the year at the same time as the tax due on income
Tax Relief for the Purchase of Furniture and Household Appliances
What is the Tax Relief? Italy’s recent Finance Law for 2020 extended the tax credit equal to 50% of a maximum of ā¬10,000 of expenditure for furniture and household appliances in connection with buildings subject to renovation.Ā The relief applies to expenditure during the course