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Just Landed Guide: Money
Our money guide provides information on bank accounts, credit and debit cards and money transfers. If you need to open a bank account, we will explain how to do it - step by step.
Banks:
Where to manage your finances
There are three kinds of bank in Italy: ordinary commercial or credit banks, co-operative banks ( banchi popolari cooperative) and co-operative credit banks ( banche di credito cooperativo).
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Accounts:
How to open a bank account in Italy
You can open a bank account in Italy whether you’re a resident or a non-resident.
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Cards:
Debit, Credit & Charge Cards
Debit, credit and charge cards are referred to collectively as credit cards in Italy, which has over 30 million in circulation, almost two-thirds of which are debit cards.
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Cost of Living:
What is the cost of living in Italy?
No doubt you would like to try to estimate how far your euros will stretch and how much money (if any) you will have left after paying your bills.
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Income tax:
An introduction to Italy’s income tax
Italy has a pay-as-you-earn (PAYE) system of income tax ( imposta sul reddito delle persone fisiche/IRPEF), whereby employees’ tax is withheld at source by employers.
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Income Tax Liability:
Who is liable to pay income tax?
Your liability for Italian income tax depends on where you’re domiciled. Your domicile is normally the country you regard as your permanent home and where you live most of the year.
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Taxable Income:
What part of my income is taxable?
Taxable income in Italy is officially divided into the following six categories, each of which is defined by law: employment, self-employment, business, property (land and buildings), capital (principally dividends and interest), and ‘ miscellaneous’ income.
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Income tax allowances:
How can I pay less?
The following allowances can be made against taxable employment income:
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Income Tax Rates:
Rates and credits
Italian income tax is levied at the following rates on taxable income:
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Income Tax Returns:
Filing and payment
The tax year in Italy is the same as the calendar year. If you’re a resident, you must file an income tax return ( dichiarazione dei redditi) unless any of the following applies:
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