Italy corporate taxes
Italy taxes company profit with 24% corporate income tax (IRES) plus a regional production tax (IRAP, usually 3.9%). VAT is 22%, personal income tax has three brackets (the middle rate cut to 33% for 2026), and social contributions are high. Electronic invoicing through the SdI has been mandatory for years. There is no statutory minimum wage — pay floors come from collective agreements.
Currency EUR (€)Tax year Calendar year (or chosen financial year)EU member stateLast reviewed 2026-07-12
24%
Corporate income tax (IRES)
Plus regional IRAP
3.9%
Regional tax (IRAP)
On net production value
22%
VAT standard rate
Reduced: 10%, 5%, 4%
23–43%
Income tax (IRPEF)
Three brackets
26%
Dividend tax
Flat, for individuals
~30%
Social — employer
INPS; employee ~10%
Company forms & registration
Companies register with the Business Register at the Chamber of Commerce through a single electronic filing (ComUnica), which also opens the VAT, tax and social-security registrations.
| Main legal forms | SRL (private limited), SRLS (simplified SRL), SPA (public limited)[1][8]The SRL is the default choice for most businesses. |
|---|---|
| Minimum share capital | SRL: €1; SPA: €50,000[8]An SRL can be formed with €1–€9,999 (fully paid in cash, with a 20% profit reserve) or €10,000+. The SRLS uses a standard statute with waived notary fees. |
| Registers a new employer meets | Registro Imprese (ComUnica → VAT, tax, INPS/INAIL) → beneficial owners register[8] |
Other statutory requirements
Obligations beyond filing a tax return that every operating company must satisfy.
| E-invoicing via SdI | Mandatory FatturaPA invoices for all[5]All established taxable persons issue structured XML invoices through the Exchange System (SdI); cross-border data is also transmitted through the SdI. |
|---|---|
| Beneficial owners register | Titolare effettivo filed with the Business Register[8]A person controlling more than 25% is a beneficial owner. The register, suspended by litigation, was validated by the EU Court in 2026 and is returning to operation. |
| Accounts deposit | Filed with the Business Register within 30 days of approval[8]Shareholders approve the accounts within 120 days of year end (180 in special cases). |
| Document retention | 10 years[1] |
Corporate income tax (IRES) & IRAP
| IRES rate | 24%[1][4]A flat corporate income tax on net income (a reduced 20% rate applied only for 2025 under conditions). |
|---|---|
| IRAP (regional production tax) | 3.9%[3][4]On net production value; regions may vary the rate by ±0.92 points, and banks and insurers pay more. |
| Pillar Two | 15% minimum for large groups[4]For groups with consolidated revenue above €750m. |
| Return & advances | Redditi SC by end of the 10th month; two advances[4]For calendar-year 2025 the return is due 2 November 2026. Advances: 40% with the balance by 30 June, 60% by 30 November (ISA taxpayers split 50/50). |
Withholding taxes & dividends
| Dividends to non-residents | 26% (1.2% for EU/EEA companies)[1][4]A reduced 1.2% rate applies to companies subject to corporate tax in an EU/EEA state. EU parent-subsidiary exemption to 0% for a ≥10% holding held a year. |
|---|---|
| Interest to non-residents | 26%[1]0% between associated EU companies (Interest & Royalties Directive) and on qualifying government and medium/long-term loan interest. |
| Royalties to non-residents | 30% on 75% (≈22.5%)[1]The effective rate on most royalties; 0% between associated EU companies and reduced under treaties. |
| Dividends to residents | 26% (individuals); 95% exempt (companies)[1][4]A 26% final tax for individuals; for companies only 5% is taxable, an effective ~1.2%. |
VAT (IVA)
| Standard rate | 22%[2][5] |
|---|---|
| Reduced rates | 10%, 5% and 4%[2][5]10%: utilities, tourism, some works. 5%: certain social and food items. 4%: basic foods, books, newspapers. 0% for exports and intra-EU supplies. |
| Registration & flat-rate scheme | No threshold; forfettario up to €85,000[5]A VAT number is required from the start of activity; the flat-rate scheme (15%, or 5% for the first five years) is VAT-exempt. |
| VAT settlements | Monthly or quarterly; LIPE and an annual return[5]VAT is paid by the 16th of the following month (or quarterly with 1% interest). The periodic settlement (LIPE) is filed quarterly and the annual VAT return by 30 April. |
Payroll: income tax & social security
Income tax has three brackets plus regional and municipal surcharges; the employer withholds it and pays high INPS social contributions.
| Income tax (IRPEF) | 23% / 33% / 43%[1][6]2026: 23% up to €28,000, 33% to €50,000 (cut from 35%), 43% above. Regional (~1.2–3.3%) and municipal (up to ~0.9%) surcharges are added. |
|---|---|
| Social security (INPS) | Employer ~30% + employee ~10%[7]Total around 40% of gross; the employer withholds and remits both parts via F24 by the 16th of the following month. |
| Minimum wage | No statutory minimum[7]Minimum pay is set by national sectoral collective agreements (CCNL). |
| Reporting | Monthly withholdings & INPS by the 16th; Modello 770 annually[4][7]The Certificazione Unica is issued in March; the withholding-agent return (Modello 770) is filed by late October. |
Other taxes companies meet
| Property tax (IMU) | Municipal, ~0.86% (up to ~1.14%)[4]On the revalued cadastral value; paid in June and December. |
|---|---|
| Registration tax | 9% / 2% on property; €200 fixed on many deeds[4]On real-estate transfers and various legal deeds (imposta di registro). |
| Stamp duty (imposta di bollo) | €2 on VAT-exempt invoices over €77.47[5] |
Accounting & financial statements
| Accounting standards | Italian GAAP (OIC) or IFRS[8]IFRS is used for listed and financial groups; accounts are filed in XBRL. |
|---|---|
| Accounts approval & deposit | Approve within 120 days; deposit within 30 days[8] |
| Control body / audit (SRL) | 2 years over: assets €4m, revenue €4m, 20 employees[8]An SRL must appoint an auditor or control body once it exceeds one of these limits for two consecutive years. SPAs always have a board of statutory auditors. |
Forms & filings
Every recurring return and report a typical company deals with, what triggers it, and where it goes. Registration-time and one-off filings are marked “per event”.
| Form | What it is | Who files | Frequency | Deadline | Filed with |
|---|---|---|---|---|---|
Redditi SC | Corporate income tax return[4] | Companies | annual | End of the 10th month (2 Nov 2026 for 2025) | Agenzia EntrateTelematico |
IRAP | Regional production tax return[3][4] | Companies | annual | End of the 10th month | Agenzia EntrateTelematico |
LIPE | Periodic VAT settlement[5] | VAT-registered persons | quarterly | End of the 2nd month after the quarter | Agenzia EntrateTelematico |
Dichiarazione IVA | Annual VAT return[5] | VAT-registered persons | annual | 30 April | Agenzia EntrateTelematico |
FatturaPA | Electronic invoice (SdI)[5] | All established taxable persons | per event | At issue, via the SdI | Agenzia EntrateSdI |
F24 (ritenute/INPS) | Monthly withholdings & social contributions[7][4] | All employers | monthly | 16th of the following month | Agenzia Entrate / INPSF24 |
Bilancio | Annual accounts deposit[8] | Companies | annual | Within 30 days of approval | Registro ImpreseInfoCamere |
Compliance calendar
The same filings grouped by rhythm — what recurs when.
monthly
F24 (ritenute/INPS)16th of the following month
quarterly
LIPEEnd of the 2nd month after the quarter
annual
Redditi SCEnd of the 10th month (2 Nov 2026 for 2025)IRAPEnd of the 10th monthDichiarazione IVA30 AprilBilancioWithin 30 days of approval
per event
FatturaPAAt issue, via the SdI
Sources
Numbered references cited throughout this profile. Laws link to consolidated texts in the official register.