ITALY ACCOUNTANCY SERVICES - TAX FILING AND PAYROLL

Accountancy is mandatory for any of the company forms you choose to establish including sole traders. Regulations differ according to the structure – please contact us for further advice. However, our specialist Italian accountancy services and Italian taxation services can assist you with all aspects of accountancy, tax filing and payroll, for whichever type of company form you require.

Statutory books must be kept in the place in which their registered office is located.

Financial statements consist of the balance sheet, income statement and the notes to financial statements. The Company's directors must submit financial statements to the Registrary in the following month after the approval of the annual financial statements at the shareholders meeting. These statements and the management document are public documents and anyone can have access to this information.

Our dedicated accountants Italian service can deal will all your local accounting requirements.

Payroll is based on the employee's gross salary. We can assist in all aspects of administering this task including the following:

  • Calculation of the amount to pay to the employee and to social security
  • Payroll statement to the employee each month
  • Employment contracts
  • Social security registration and updates where required
  • Completion of social security forms
  • Handling e-payments to social security
  • Withholding tax administration

ITALIAN TAXATION SERVICES - HOW ITALIAN TAX WORKS

All residents (both individuals and Companies) must pay taxes on all their worldwide income. Non-residents are subject to Italian taxation only on income earned or paid in Italy.

Please contact us for further details and initial advice on how this could relate to your enterprise. Our local Italian taxation services team may be able to suggest ways of reducing your tax liability, dependent upon circumstance.

EU VAT NUMBER
If you are trading within the EU, you will need to provide an EU VAT number. The Italian tax authorities require the company to have office facilities in order to fulfil criteria for obtaining the number.