Entrepreneurship or practicing independently are some of the paths most chosen by people who come to the European country to progress.
Italy It is one of the destinations most chosen by Argentines to emigrate because it offers flexibility in access for descendants of former Italians. This linear factor allows thousands of young people to arrive in the European country in search of a more prosperous future. Many of them can choose to work autonomously under the conditions of the nation.
Working independently is one of the most popular paths in the European country because the World Bank indicates that 22% of its workers are self-employed. This possibility of entrepreneurship allows each emigrant to make their way to get clients for their services. At the same time, the trend is also reflected in new technological markets and the option of teleworking.
Italy: what the income tax is like for self-employed workers
The self-employed will have to register their ventures within the categories of sole proprietorship (ditta individuale) or like self-employed worker (libero professionale). The first of them is intended for people who work in sales and commerce while the second is for carrying out intellectual activities, mostly consulting, legal work, marketing or journalism.
In Italy you have to file an annual income tax return and pay taxes on your earnings. The scale for them is done as follows:
- Up to 28,000 eurosyou have to pay 23%.
- 28,001 to 55,000 euros35% is paid.
- From 55,001 onwards43% is taxed.
What is the unified tax system for self-employed workers in Italy?
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Emigrants have the possibility of registering in the forfettario regimealso known as the unified tax system. It was introduced in 2015 and offers the possibility of paying a lower percentage of taxes for five years. The rates for this program are 30%, although There are regions where it drops to 10%.
Italy: how to register in the tax system for self-employed workers
The main document necessary to register for the tax system is the tax identification number. It can be obtained by presenting yourself at the immigration services office of your municipality or local police station along with your passport and your residence card. The procedure also usually requires an organizational chart of your company, your VAT number in Italy and submit the corresponding forms.
Being self-employed in Italy: the most frequently asked questions
Accessing this tax system also provides benefits such as social insurance for the self-employed in Italy. These people enter the services of the National Social Security Institute (INPS). This institution provides health care to taxpayers, but the amounts to pay for it vary depending on the category of each individual.
On the other hand, there are also sanctions if the activities corresponding to the self-employed system are not complied with. Those who do not submit their tax return on time will have to pay a fine ranging from 250 to 1,000 euros. If an amount less than the corresponding taxes was paid, the amount owed plus a rate of between 120 to 240% will be charged.
Source: Ambito
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