What is Modello F24?
The modello F24 is the payment form Italian taxpayers use to pay IRES, IRAP, IVA, withholding tax and INPS contributions to the Agenzia delle Entrate and INPS.
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Example
A company with employees pays withholding tax and INPS contributions for March by F24 on 16 April, and pays IVA for the same month by F24 on the same 16th if it files monthly.
How Modello F24 works in Italy
Most Italian tax and contribution payments are made by F24. IVA, IRES and IRAP saldo and acconto, and monthly withholding tax and INPS contributions all use it.
Finn shows the amounts and the dates. The company or its commercialista pays. AccountsOS does not submit F24 payments.
Related terms
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%.
IVA (Imposta sul Valore Aggiunto) is Italian VAT. The ordinary rate is 22%, with reduced rates of 10%, 5% and 4%. It is paid through the modello F24.
INPS (Istituto Nazionale della Previdenza Sociale) runs Italian social security. For employees, the FPLD contribution is 33.00% of gross pay in total, of which 9.19% is the employee share.
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