In Italy, the Mod. 730 is a simplified income tax return. It can be filed only for specific incomes (i.e. incomes subject to ordinary taxation) and the taxpayer must meet the following conditions: Individual is an Italian tax resident in the year of filing of the Mod.
Do you have to file a tax return in Italy?
Every tax resident in Italy needs to file one—that means if you’re a registered Italian resident, or if you have a residence in Italy for 183 to 184 calendar days per year.
What are the tax rates in Italy?
Taxation of an individual’s income in Italy is progressive. In other words, the higher the income, the higher the rate of tax payable. In 2021 the tax rate for an individual is between 23%-43%, In addition to direct taxation (IRPEF), there is also a regional tax of 0.7%-3.33% and a municipal tax of 0%-0.9%.
How much is tax in Italy?
We value your privacy. Italian individual income tax is called impostasulredditodellepersonefisiche, or IRPEF. Tax rates are progressive and range from 23% to 43%. Additional taxes are due at the regional (0.9% to 1.4%) and local (0.1% to 0.8%) levels.
Is there flat tax for new residents of Italy?
Italy – Flat tax for new residents. The Italian Budget Law for 2017 (Law No. 232 of 11 December 2016), with the specific purpose of attracting high net worth individuals to Italy, introduced the new article 24-bis in the Italian Income Tax Code (“ITC”) which regulates an elective tax regime for individuals who transfer their tax residence to Italy.
How to file an income tax return in Italy?
A tax return is a document that is sent to the Financial Administration, in which you state the income you have obtained during the last tax year. If you want to file taxes in Italy you file them over the last calendar year.
When do you have to fill in Modello 730 in Italy?
If you must do your tax return on paper, which is allowed under special circumstances, be aware the deadline is 30 June. You will have to fill in modello 730 . People in Italy who are self-employed, professionals with a VAT-number, have to fill in a unico tax form.
When is the deadline for Modello redditi tax return?
The filing deadline is 23 July following the end of the tax year. The Modello Redditi return, includes employment income, tax withheld, capital gains (Form RT), foreign income/assets (Form RW), etc.
