Income Tax

THE 730 TAX FORM IN ITALY: WHAT IS IT AND WHY IS SO IMPORTANT?

730 Tax Form in Italy: what it is and how to fill it properly ​This income tax return form is the result of the tax agency trying to simplify paying taxes so as to encourage citizens to pay them in full and on time. It is becoming increasingly popular due to its efficiency and this past year, a record …

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Income tax rate | Businessman analyzing data

INCOME TAX RATE IN ITALY: 2024 GUIDE FOR FOREIGNERS

The main income tax rate in Italy is IRPEF, which stands for “imposta sui redditi delle persone fisiche”. It is divided into three levels (national, regional and municipal) and it varies according to the time you spend in Italy, your income, and your revenue sources. Keep in mind: if you are a foreigner living in Italy …

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Why Italy is your next destination

Italy has always been known for its high taxes, corruption, and byzantine bureaucracy, making it look like hell on Earth; why would you even consider moving there? This picture cannot be farther from the truth. Yes, Italy has a bad reputation in regards to bureaucracy and takes, but it also took several steps forward to …

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AMERICAN TAX REFORM

Dear readers; it is not a mystery that the United States federal government undertook the largest corporation tax cut since the end of World War II. Fewer people noticed that income tax has been updated as well. Check this article out, it explains well the US income tax. https://www.taxesforexpats.com/articles/news/tax-reform-winners-losers-amongst-americans-living-abroad.html

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100,000 FLAT TAX IN ITALY

Italy introduced a new flat tax regime in order to attract High Net Worth Individuals (HNWI). The regime consists of a flat tax charge of € 100,000 per tax year in respect of every foreign sourced income. But is it really just for the super rich?  Read the article and find it out yourself. Why moving to Italy? There …

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Italian tax brackets – 2024 update

Almost every country in the world has an income tax which taxpayers have to pay on income they generate throughout the year. In Italy, such tax, is called IRPEF “Imposta sul Reddito delle Persone Fisiche”. As the name suggests, IRPEF is levied on income generated by natural persons (individuals), as opposed to Corporate Tax “IRES” …

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Regime Forfetario – 2024 update

Several European (and non European) countries have a small business tax regime, which provides certain simplifications as well as reduced taxation to businesses within a certain threshold. Since 2015, Italy has introduced the Regime Forfetario, which has been amended various times throughout its life span. The 2023 budget law has introduced new rules for individuals in …

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