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Results: 4 Answers
Corporate Tax
Indirect taxes
What indirect taxes (eg, goods or service tax, consumption tax, broadcasting tax, value added tax, excise tax) could a corporate taxpayer be exposed to?
The principal indirect taxes to which a corporate taxpayer may be subject in Italy are as follows:

  • Value added tax (VAT): This applies to the sale of goods and services at different rates (depending on the kinds of goods/services sold), ranging from an ultra-reduced rate of 4% (eg, applicable to sales of specific food products, books and newspapers) to the standard rate of 22% (applicable to the large majority of transactions).
  • Registration tax: This is generally levied on transactions which must be registered in the Public Register (eg, transfer of assets, corporate documents). Registration tax may apply at a fixed rate of €200 (ie, if the transaction is subject to VAT) or proportionally, with rates generally ranging from 0.5% to 3% (increasing to a maximum of 15% for the transfer of real estate), depending on the kind of deed, certificate or document that is subject to registration.
  • Stamp tax: Certain deeds, certificates and documents, expressly indicated in the tax law, are further subject to stamp tax, which may be applied at a fixed rate (ranging from €1 to €300) or proportionally (with rates generally ranging from 0.01% to 0.12%).
  • Mortgage and cadastral taxes: These are applied to the transfer of real estate at a fixed rate (€50 or €200) or proportionally (with rates ranging from 0.5% to 3%), depending on the kind of transaction.
  • Excise duty: The sale of certain goods - such as oil and gas products, electricity and alcohol - are subject to excise taxes at different rates, depending on the characteristics and quantity of the goods sold, as well as the purpose for which they are bought (eg, civil uses or industrial uses).
For more information about this answer please contact: Guido Lenzi from Puri Bracco Lenzi e Associati
Are transfer or other taxes due in relation to the transfer of interests in corporate entities?
The transfer of shares and participating financial instruments in Italian companies is generally subject to a financial transaction tax (at a rate of 0.2% or 0.1% in case of quoted companies), which is due by the purchaser regardless of the tax residence of the seller and the purchaser, and regardless of the territory in which the transfer is carried out. Several exemptions and exclusions are available (eg, in case of the transfer of quotas of limited liability companies or intercompany transactions).

For more information about this answer please contact: Guido Lenzi from Puri Bracco Lenzi e Associati