Italy Accounting Questions Answered

What is IRES and how much corporate tax do Italian companies pay?

IRES is the Italian corporate income tax at 24% of taxable profit. Companies also pay IRAP, a regional tax, so the total burden is higher than 24%.

What is IRAP and what rate applies?

IRAP is a regional tax on net production value. The ordinary rate is 3.90%, and each region may vary it by up to 0.92 percentage points, so the rate depends on your region.

What is the IRES premiale for 2025?

IRES premiale is a conditional 20% IRES rate that applies to the 2025 tax period only. A company gets it only if all four conditions are met. Finn never applies it silently.

Can I use the regime forfetario in Italy?

The regime forfetario is open to sole traders and professionals with revenue up to €85,000. It charges a 15% substitute tax (5% for the first five years of a new activity) with no IVA charged and no IRAP.

When are the Redditi SC and IRES payments due in Italy?

For a calendar-year company, the Redditi SC is due by 31 October. The IRES saldo and first acconto are due by 30 June and the second acconto by 30 November, all by modello F24.

Can I issue an Italian e-invoice from AccountsOS?

No. AccountsOS does not transmit to SDI. A PDF invoice issued from AccountsOS is not a legal Italian invoice. You issue the legal invoice through the Fatture e Corrispettivi portal or your own SDI provider, and AccountsOS keeps the books.

How do I set up an SRL and file the bilancio in Italy?

An SRL can be formed with share capital from €1, through the Comunicazione Unica. The shareholders approve the bilancio within 120 days of year-end and it is deposited at the Registro Imprese within 30 days of approval.

What are the Italian IVA rates and when is IVA paid?

The ordinary IVA rate is 22%, with reduced rates of 10%, 5% and 4%. Monthly filers pay by the 16th of the following month and quarterly filers by 16 May, 20 August and 16 November.

What are the LIPE and the annual IVA return?

The LIPE is a quarterly communication of periodic IVA settlements due on 31 May, 30 September, 30 November and 28 February. The annual IVA return is filed between 1 February and 30 April.

What must an employer file and pay in Italy?

Employers pay withholding tax and INPS contributions by F24 on the 16th of the following month, give the Certificazione Unica by 16 March and file the Modello 770 by 31 October.