11/24/2023 0 Comments Forfait 1 euro free![]() Tax resident individuals are required to declare all their foreign investments (financial and not) for monitoring purposes through the Italian tax return. Tax resident individuals are also subject to 'wealth tax' on real estate and on financial investments owned outside of Italy ( see the Other taxes section for more information). deriving from real estate owned outside of Italy, foreign dividends and interest, foreign compensation and director’s fees, and other foreign income). Therefore, tax residents are also subject to taxation on foreign incomes (e.g. Tax resident individuals are liable to the Italian personal (or national) income taxes on their income wherever produced (under the so called ‘worldwide principle’). According to the Italian tax law, both Italian residents and non-resident individuals are subject to taxation in Italy, but on a different basis. The tax status of an individual is the starting point for applying the correct taxation in Italy. The tax liability shall be computed on a progressive rate, and the applicable tax rates are shown below ( see National income tax). ![]() In Italy, the individual is subject to the following income taxes: ![]() The main income tax levied on individuals is the personal income tax (PIT), also known as the Imposta sui redditi delle persone fisiche (IRPEF). ![]()
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