Income Tax in Italy
Understand general taxation on income, how it's calculated, when to pay tax, what exemptions there are and more...
In Italy the two main income taxes are:
- The personal income tax (imposta sul reddito delle persone fisiche or IRE)
- The corporate income tax (imposta sul reddito delle societá or IRES)
In addition to these there are some substitute taxes for certain types of income (for example on certain financial income and capital gains) and there is the regional tax on profitable businesses (imposta regionale sulle attivitá produttive or IRAP), which is applied to the value of the net profit of businesses and professionals.
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