Tax deadlines in Italy in 2017: when are due and what you risk in case you miss them
Are you resident in Italy and have any income or assets abroad? If so, you need to file your taxes! Don’t miss the last deadline and avoid any penalty.
Who is required to file taxes?
Taxes need to be filed by residents who:
- Produced income in Italy
- Produced income abroad
- Hold assets abroad (i.e. bank accounts, shares, bonds, pension funds, houses, land etc.)
Non residents have to file taxes regarding any Italian income.
Accounting Bolla, with his professional English speaking team, already helped hundreds of individuals to file their returns on time.
What happens if you don’t file on time?
The taxpayer has to pay the following penalties, on top of any tax liability:
- A general fine from € 258.00 to € 1,000.00 for not filing on time.
- 3% -15% of the activity consistency at the end of the year if held in a white-listed country
- 6% -30% of the activity consistency at the end of the year if held in a black-listed country
- 120%-240% of any tax due
Do you still think you should not file your tax return?
Stop by our Parma office or fill the form below to get your free consultation.