Tax Guides

[pigro]

came across this while searching for something else ...
http://www.portfoliobuilders.com.sg/files/08italy.pdf
there's nothing new in there but I found it to be clear, well written and it nicely summarised a number of very long & rambling discussions I've seen on the forum so thought it may be of interest to those looking for a starting point ...

[pigro]

also, this one ...
http://www.pwc.com/us/eng/hr/italy.pdf
which is quite detailed and while written specifically for people coming to work in Italy on a secondment basis, contains a lot of good info on tax, residency etc.

[myabruzzohome]

http://www.agenziaentrate.it/ilwwcm/..._pf_estero.pdf

This may be of help to anyone puzzling over the new taxes for non-residents on their property.

I cannot really understand it as according to the info tax will be due on 80% of redditi dominicali
and 70% redditi agari which in my case comes to about 15 euros!

My Italian is not great so possibly I'm missing something?

[NickZ]

I think that guide is basically aimed at Italians living abroad.

[t6509fb]

Hi,

I got from my previous company a severance pay prior to moving into italy to work. What kind of taxation should I expect on this amount ? Same as normal income or treated differently ?
Thanks,

[Carole B]

1. If you are a British (or EU other than an Italian) citizen

2. If you have no income from any Italian source.

3. If you paid tax on the severance pay in the UK when it was paid.

Then you will have no tax obligations in Italy.

However, if you were to put the sum to 'work for you' in Italy and gained some income from it (or any other source over here) then you will be required to complete a '730 IRPEF' tax return each year.

Just as an idea - here are the current rates (to the best of my knowlwdge) if you do have some form of Italian income!
>HERE<

[Penny]

I'm afraid some of the rates are out of date. The capital gains tax rate is up from 12.5% (as listed on the site) to 20%.

[Carole B]

Originally Posted by Penny

I'm afraid some of the rates are out of date. The capital gains tax rate is up from 12.5% (as listed on the site) to 20%.

Thanks Penny - I must delete that link from my Bookmarks then. I wasn't sure if it was up to date, that's why I said "to the best of my knowledge"..........

[t6509fb]

Carole,

I stumbled over this text referring to TFR .( trattamento fine rapporto )...if I understand correctly, does it mean that your severance pay gets spread over a number of years before taxable amount gets set ?... How does it work if you 'gained' this income in other EU countries just before you came to Italy...?

[Carole B]

Originally Posted by t6509fb

Carole,

I stumbled over this text referring to TFR .( trattamento fine rapporto )...if I understand correctly, does it mean that your severance pay gets spread over a number of years before taxable amount gets set ?... How does it work if you 'gained' this income in other EU countries just before you came to Italy...?

I'm sorry - I don't know about 'other EU countries'! But for the UK, if you are taxed on that income in the UK and you have NO income in Italy then you come under the >Double Taxation< reciprocal agreement.

To get more details of this you need to obtain the relevant form from the Inland Revenue in Newcastle, complete both halves (they're a duplicate), take the whole form to your nearest Agenzia delle Entrate, get them to stamp BOTH parts. They will then retain one half for their files and you send the other half back to Newcastle.