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Italy Value Added Tax
In most cases, VAT is 20%.
There are reduced rates of VAT of 4% and 10% on basic products.
VAT is charged on assets and services in Italy as well as on imports into Italy.
VAT returns are made monthly. In certain cases, it is possible to make a return once a quarter.
An annual VAT return must be filed once every year on March 15.
Italy Inheritance Tax/Gift Tax
Inheritance tax was reintroduced in Italy from 2007.
The tax rates are 4%-8% of the asset value.
Italy Real Estate Property Tax
This tax is imposed on real estate.
The tax is based on an assessment of the value of the asset by the tax authorities.
The rates of this tax vary from 0.04% to 0.07%.
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