The home of Leonardo da Vinci, Italy is known for its huge cultural, literary, and archaeological heritage, as well as the close association with the Pope and Vatican City. Recognised for its early civilisation and democratic government, it has one of the most famous capital cities in the world, Rome. Italy is a highly developed country, has a high standard of living, and is a founding member of the G7, G8, the OECD, and has always been included in the Eurozone. The population density is higher than that of most Western European countries and lifestyle is very good.
Engineering, tourism, food and coffee, and fashion are the major economic sectors of the Italy, and the global world. Its Northern regions are very influential in the business world, banking was invented in Florence.
With specialised local accounting knowledge, CXC provides its clients with a vast array of solutions and services, VAT Registration, Local Tax and Social Security Registration, including the preparation of a personal tax return at the end of the tax year.
CXC Global’s local expertise and knowledge of Italian labour and tax legislation, allows us to work closely with our clients, assist with Local Tax and Social Security, VAT Registration where applicable, and preparation of a personal income tax returns at tax year end.
Contracting in Italy is complex. The taxation system in Greece has many quirks and is not contractor friendly. Italian lifestyle is different, living standards relaxed and taxes are somewhat different to the rest of Europe. They has entered into Double Taxation Treaties with some countries and do not encourage contracting. For foreign national contract workers, contracting in Italy, it would be wise to consult with CXC Global on the best way to structure, and how best to balance taxation.