What is Bilancio (Annual Accounts)?
The bilancio d'esercizio is the annual accounts of an Italian company. The shareholders approve it within 120 days of year-end, or within 180 days where the bylaws give a reason, and it is deposited at the Registro Imprese within 30 days of approval.
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Example
A company with a 31 December year-end approving on the last day of the 120-day period deposits its accounts by about 30 May.
How Bilancio (Annual Accounts) works in Italy
The deposit costs diritti di segreteria of €62.50 plus €65 of stamp duty. The annual chamber fee (diritto annuale) and the tassa di vidimazione libri sociali for capital companies (€309.87 or €516.46, due 16 March) are separate and need a check on the Agenzia delle Entrate page before you rely on them.
Finn prepares the figures. The company or its commercialista approves the accounts at the shareholders' meeting and deposits them. AccountsOS does not submit to the Registro Imprese.
Related terms
The SRL (società a responsabilità limitata) is the default Italian company form. Share capital can be as low as €1, and below €10,000 it must be paid in full in cash. The SRLS (SRL semplificata) is open to natural persons only.
The partita IVA is the 11-digit Italian VAT number. The codice fiscale has 11 digits for companies and 16 alphanumeric characters for people. The codice destinatario used for e-invoicing has 7 characters.
IRES (Imposta sul Reddito delle Società) is the national corporate income tax paid by Italian companies. The rate is 24% of taxable profit. Companies also pay IRAP, a separate regional tax, so the total burden is higher than 24%.
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