Italy’s Self-Employed Pay Just 2% in Taxes!
Self-employed professionals in Italy enjoy significant financial advantages, including writing off up to 60% of their gross revenue for business expenses. By leveraging the “Regime Forfettario” tax system, these individuals pay just 15% taxes on the remaining 40%, effectively a mere 6% tax rate. Additionally, startups benefit even further, paying only 5% tax on the taxable basis for their first five years. Obtaining a “Partita IVA”, essentially a VAT registration number, is key to accessing these benefits. This straightforward system eliminates the need for intricate accounting and benefits both the professional and their clients. The program applies to yearly revenues up to €65,000, potentially doubling for households with two self-employed individuals. This system, combined with Italy’s renowned lifestyle, makes the nation an attractive destination for budding entrepreneurs.