Can I save on my taxes if I live and work in Italy?

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When purchasing a property in Italy, you will be subject to taxes such as the Registration Tax (2% for a first home or 9% for a second home) and VAT if you buy from a builder (4%, 10% or 22%, depending on the type of property). In addition, you will have to pay the IMU (Imposta Municipale Unica) if the property is not your main residence.

Which banks in Italy are recommended canada phone number library for managing finances and complying with tax obligations?

In Italy, the best banks for foreigners or locals, such as UniCredit, Intesa Sanpaolo and BNL, offer accounts designed for freelancers and expats. These accounts include financial management tools, such as electronic invoice issuance and automatic tax payment. Additionally, many of these banks offer services to handle international transfers, ideal for those who work with multiple currencies.

Yes, Italy offers tax breaks for families, rental housing, and education. It also allows tax breaks for investments in renewable energy and restoration of historic properties. Taking advantage of these incentives can significantly reduce your tax burden.

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