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” …
The possession of real estate not rented in the same municipality as the main residence determines the obligation to declare an income for IRPEF purposes. The income is equal to 50% of the cadastral income revalued by 5% increased by 1/3. This is in addition to the normal IMU payment. All info in this article. …
Non-rented property: IMU and IRPEF rules and regulations Read More »
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