±Quick Links

±User Info


Welcome Anonymous

Username
Password

Membership:
Latest: LindaElizabeth
New Today: 15
New Yesterday: 10
Overall: 55875

People Online:
Members: 0
Visitors: 46
Bots: 7
Staff: 0
Staff Online:

No staff members are online!

±Financial Advice

Expert advice from finance professionals you can trust

±Newsletter

Newsletter

You must be a
registered user
to receive our newsletter

Register Now!

Taxation

Italy - Taxation



Always seek professional advice on taxation issues.

- There is NO wealth or inheritance tax in Italy
- Sales taxes (like VAT) are high on items like petrol, cigarettes and cars
- Many people work unofficially, avoiding income tax. For official workers income tax ranges from 15%-45% depending on earnings.

Taxes on property:

- Purchase registration tax of 3-4% if your main residence, 10% if a second home
- Local property tax 'ICI' - 0.4 to 0.7% of property value
- Capital gains - only payable for the first 5 years

Everyone in Italy must have a tax code number (codice fiscale) - required for almost all paperwork: opening a bank account, signing official contracts (including with utility companies), starting a job, buying or registering a car and so on. Take your passport to the provincial tax office ('ufficio imposte') and your codice fiscale will be issued to you.




Tell your friends about this page!


Got something to add to this section? Spotted something which should be changed? Please let us know!


Click here to return to the contents page for "Italy - an expatriate guide."



Give us feedback about this page or discuss it in the forums.