For American business owners looking to expand into the Italian market, Network Fiscale offers a wide range of accounting and tax support services that will allow you adjust to Italy's convoluted business code. Besides offering translators and business interpreters, the financial experts at Network Fiscale help businesspeople open VAT accounts, apply for loans and tax deductions, as well as earn financial rewards.

Taxes and Tributes

From a taxes and tributes standpoint, Network is capable of completing fulfillment taxes, corporate leases, mediation taxes, dividends, and tax credits. The company will also help expatriates receive energy savings, property appreciation refunds, and SRL bonds.

Taxes and Litigation

If you are in need of tax-related litigation services, Network's experts can help you prepare for a wide range of court cases. For example, the company can assist you with precautionary measures, corporate restructuring, facsimile appeals, cases involving actions held abroad, high cash, and various business crimes.

Network Fiscale understands that many expatriate business owners are not fluent in Italian, nor are they aware of the many unique customs that exist in Italy's courtrooms. The company is happy to guide you through your appeals process, as well as explain Italy's judicial culture.

VAT

VAT, which stands for value added tax, is a tax applied to consumer goods, products, and services. This tax is somewhat reminiscent of the sales tax in the United States. In Italy, the value added tax is set at different rates for different types of consumer goods and services. For example, consumption that is related to tourism - hotels, restaurants, and pubs - are subject to a 10% VAT tax on each sale. For daily household items, this VAT tax is 4% for each sale.

Paying Taxes in Italy

For Americans living and working in Italy, there are certain aspects of the Italian tax code that can be confusing. Thankfully, the financial experts at Network are well-versed in Italy's complex tax laws, and will be able to alleviate any tax filing concerns that you might have.

In Italy, expatriates are legally required to pay income taxes if they are listed as an official resident with the Office of the Resident Population, own a habitual residence in the country, or if they conduct the majority of their business in Italy. Of course, every American working in Italy must also possess a valid work visa, too.

Depending on the classification of your business, your company might be subject to Italy's corporate tax rate. This tax rate is 33% of your company's annual income.

Another tax fee that expatriate companies are subject to is the IRAP, which is a tax on productive activities. Currently, the IRAP sits at 4.25%, though the European Union is trying to eliminate this fee.


Network Fiscale is an Italian tax agency that specializes in Commercialista and Esperto tax services and financial planning. http://www.networkfiscale.com/dotnetnuke