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Companies in Italy

IRES - Corporate Income Tax

All income produced by companies and institutions is subject to corporate income tax known as IRES (Imposta sui Redditi delle Società). The Tax Rate has recently Decreased from 27,5% to 24%, for this reason this is a great moment to invest in Italy.

Tax Rate: 24%

 

IRPEF – Personal Income Tax

IRPEF (Imposta sul Reddito delle Persone Finische) is a personal and progressive tax. The requirement for this tax is the possession of income, in cash or in kind, falling into one of the categories stipulated by law. The tax period corresponds to the calendar year.

Tax Rate: from 23% to 43%

 

IRAP - Regional Tax on Production Activities

IRAP (Imposta Regionale sulle Attività Produttive) is a Local Tax collected by the Region where the production activities liable for tax are conducted. If taxpayers perform their activities in establishments and offices situated on the territory of several regions, the distribution of the taxable income, and, therefore, of IRAP, is made in proportion to the cost of the employees working in the various regional establishments and offices.

Tax Rate: The general Rate is 3,90%, in some region may be higher.

 

IVA - Value Added Tax

IVA (Imposta sul Valore Aggiunto) is applied on the “value added” to Goods and Services in the sense that, by means of a system of reimbursement of charges and deductions, tax is payable on the increase in value of goods or services in different phases of production and trade, until it reaches the final consumer who bears the full cost of the tax.

Tax Rate: 22% (ordinary)

      10% (reduced)

        4% (reduced for essential goods)

        0% (non taxable operations)

 

IMU – Municipal Tax on Property

IMU (Imposta Municipale Unica) is the municipal tax charged on the possession of buildings, buildable areas and agricultural lands situated within the Italian territory, intended for any use, including property used in performing company activities.

Tax Rate: 0,76% (with a range between 0,46% and 1,06% depends on the municipality)

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