Corporate Income Tax – Ires
The rate of corporate income tax (IRES) is 24%. The following must pay the tax: public limited companies and limited companies limited by shares, limited liability companies, [...]
Vat grouping rules
The Vat grouping rules simplify the application of Vat rules for company groups and reduce fiscal burdens, considering the group as a single Vat taxable person. The [...]
Tax incentives for Enterprises investing in Italy
Companies and individual enterprises, wishing to invest in Italy, are eligible for several tax allowances, such as the allowance for corporate equity, the tax credit on research [...]
Foreign-source dividends – Refund of the higher Italian tax due to the impossibility of deducting tax abroad (AIDC January 2025 Conduct Guideline No. 227)
The rule of conduct AIDC January 2025 No. 227 deals with the recovery of taxes paid abroad on dividends even if the same are taxed in Italy [...]
Contribution of non-controlling interests in ‘controlled realisation’ – Family-owned transferee company – New provisions of Legislative Decree No. 192/2024
Contributions of qualified minority interests made after 31 December 2024 are subject to the provisions of Article 177, paragraph 2-bis, of the Consolidated Income Tax Act, as [...]
No VAT if the incorrect invoice is issued to the final consumer
In the case of incorrect invoices issued to a nontaxable person, the issuer is not liable for VAT even if he has issued further incorrect tax documents [...]
The possibility of dematerialising special categories of shares in small and medium-sized limited liability companies and the resulting obligation to keep the shareholders’ register
Law no. 21/2024 (the so-called ‘Capital Law’) has only introduced the possibility for small and medium-sized limited liability companies to issue special categories of dematerialised shares that [...]
Dividends from Croatia – refund of the higher Italian tax due to the impossibility of offsetting the tax from abroad
Dividends received from Croatia by resident individuals are normally subject to Article 27(4) of Presidential Decree 600/73, which provides for a withholding tax of 26% on the [...]
VAT on secondment of staff: Effects from 2025
From 1 January 2025, the hiring and secondment of employees will be subject to VAT. There is generally no change for industrial and service companies that enjoy [...]