TAX ADVICE IN ITALY

What taxes do you have to pay in Italy?

Income tax has certain features because it is levied at three levels:

• National
• Regional
• Municipal

At the national level, it depends on the income – so the rate of 23% will be applied if the income is from 0 – 15,000 euros. And the highest rate is 43% if the income is 55,001 euros or more

At the regional level, the tax will depend on the location of the region – from 1.23 to 3.33%

The municipal tax also depends on the place of residence (municipality) and is from 0 to 8% – for individuals

• Corporate income tax – 24% and regional tax up to 3.9%
• Value added tax (VAT) – is 22%, applies to a large number of activities, but there is also a reduced rate of 4%, 5% or 10%. Such taxes can be applied in the provision of medical, transport, and social services, as well as in the production of food products, newspapers, and books.
• There is also a 0% tax rate, which is charged for domestic and international transportation
• Capital gains tax – the tax is 12.5% ​​and 26%
• Corporate tax is 24%, which is the standard rate for such a tax. There are benefits – charitable foundations, religious organizations and sports clubs.
• Dividends – 5%
• Stamp tax must be paid when legal documents for business are drawn up.

A tax lawyer (lawyer) in Italy will advise you on choosing the optimal tax system for business in Italy regarding

• value-added tax in Italy VAT (value-added tax),
• corporate income tax (CIT – corporate income tax),
• personal income tax (PIT – personal income tax)
• social deduction from employees (ZUS)
• local tax in Italy
• tax on dividends in Italy
• excise duty in Italy

Tax optimization/exit tax/ tax planning (Italy)

Among the most common tax optimization mechanisms in Italy are:

• Creation of a group of companies that includes funds in Luxembourg, Holland, Liechtenstein and other jurisdictions depending on the profile of your business and its features.
• Expansion of your business to favorable tax residences (Hong Kong, Singapore, Slovakia)
• The system of refinancing foreign assets

Representation in the tax authorities in Italy by Yuk Prykhodko and partners – includes consulting, preparation of all necessary documentation of relations with the Italian and EU tax authorities on tax issues.

What is included in the duties of a tax lawyer of Yuk Prykhodko and partners:

• Consulting on taxes in Italy
• Calculation of taxes in Italy
• Preparation of tax documents in Italy
• Tax representation in Italy
• Settlement of tax disputes in Italy

What is the cost of a tax consultation in Italy? Leave your phone number and our specialists will contact you.