Specialized services geared for non-resident business companies and private persons. Summary of the main taxes that are levied on non-resident persons. The tax regulations and the obligations for those who own land, houses and fixed assets in Italy.
NON-RESIDENT COMPANIES
The STUDIO offers to foreign companies every service necessary for, and stemming from the exercise of a commercial activity in Italy:
Creating a company
Assistance for creating and registering a company or a permanent organization, in Italy, of foreign companies or one-person firms.
Company consulting
Financial and company planning, periodical accounting information forwarded to the headquarters (reporting).
Tax consulting and assistance
Setting up the yearly balance of the accounts, preparation of tax reports, care and upkeep of the relationship with the tax administration including any other tax dues and the required providential insurance.
Accounting
Upkeep of all the required accounting books and records besides the update of the company books.
NON-RESIDENT PRIVATE PERSONS
Tax consulting and assistance
We offer the most complete assistance to those who own land and fixed assets in Italy:
- Preparation of the income tax report (UNICO form for individual persons)
- Registration of rental contracts
- Preparation of ICI tax forms and payment of them
- Preparation of forms for paying the TARSU tax
Taxes to be paid by non-residents
The main taxes that can affect foreign persons not resident in Italy are:
- the individual person's income tax (IRPEF)
- the county tax on fixed assets (ICI)
- the taxes levied on fixed property passage and transferals (IVA, Registro)
- inheritance tax
- the city's tax on collection of garbage (TARSU).
Taxes on fixed assets
The fixed assets (land and buildings) that are situated on Italian territory are considered to be producing income, even though not rented out, and are subject at the same time to various taxes:
- income tax (IRPEF);
- city's tax on possessions (ICI);
- city's tax on garbage collection (TARSU);
In case of transferal of ownership, they are also subject to these taxes:
- if the transferal is caused by death (inheritance), to the inheritance tax;
- if it happens because of a sale contract among living people, to the taxes on property transfer (IVA, Imposta di Registro, Imposte Ipotecarie e Catastali).
Property Rent
In case the property is rented, the rental contract (even if only verbal), whatever the amount might be, has to be registered at the Ufficio del Registro.
The Registro tax is 2% of the annual rent.
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