Find out what is the average salary in Italy and the most important factors to get paid more
Everyone knows the saying “money cannot buy happiness,” but it is an important means to achieving a higher standard of living and well-being in the world we live in. Salaries in Italy are not among the highest in Europe (Switzerland being over €6,000; Luxembourg over €5,000; Germany over €4,000), but the cost of living is lower to compensate.
Working time in Italy: discover how long do the Italians usually work?
Work-life balance is changing across the globe. The working hours of a modern day employee are incredibly different even from just 20 years ago, and this definitely reflects the experience of workers in Italy.
Cash Limit in Italy: upcoming changes and limitations
When travelling in another country, you might run into different cash limits. Generally, they are a means of controlling spending in the public sector by setting maximum expenditure totals for government departments or nationalized industries, deliberately making no allowance for inflation. Cash limits can also restrict tourist spending, specifically with cash (hence the name), although not debit or credit cards because these transactions can easily be tracked.
Virtual offices in Italy: how do they work?
The idea of virtual office services started in the 1960s. They began as serviced offices and have since evolved alongside technology, now including a wide variety of personnel, physical space, digital storage and communication services such as call answering.
What is the cassetto fiscale and everything you need to know about it
The tax box (cassetto fiscale) is the place where you can find out all the information related to your tax position (propria posizione fiscale) and is an internet service provided by the Italian Revenue Agency (Agenzia delle Entrate) which is available to all taxpayers authorized to access it. If it helps, you can think of it as an electronic filing cabinet. Some of the documents you can find are:
Calculating Italian Salaries: how to get to your real compensation
Everyone knows that paying taxes in Italy is notoriously complicated. It’s important to have at least a basic understanding of how to calculate your salary and taxes in order to cope with the cost of living in Italy, especially if you live in one of the major cities. People outside of the European Union imagine that tax in Italy is much higher than, say, those in the United States, but they are much closer than is expected if we take into consideration the high cost of health insurance and the various additional forms of taxes that are paid on goods in the U.S. that are not paid in Italy.
Contract work in Italy: essential tips and recommendations
Moving to Italy, learning a new language, finding an apartment and looking for a job can take a toll when starting a new life abroad. Even after finally landing a job in Italy, you might feel tempted to just sign the employment contract and get it over with. However, a good foundation in the basics of Italian work contracts will go a long way to making that new life a bit easier.
Like the USA, the number of freelancers in Italy keeps rising year by year. Europe as well is following the American trends and by 2025 the freelance workforce is expected to count for as much as one third of the entire workforce.
In total, in Italy there are 5,5 millions of freelancers or “liberi professionisti”, and their contributions represents almost 16% of the entire Italian GDP; between 2009 and 2018 their number grew by 20%.
This regime (Regime Forfettario) is open to taxpayers looking to get themselves registered for VAT and start a self-employed business or profession for the first time in 2017.
The scheme for small taxpayers (described as the Regime dei Minimi as well as the Regime Forfeitaro) has seen a number of changes over the years and some of the old rules apply to people who started out in earlier years. But from FY 2016 there is only on regime open to new taxpayers – the Flat–Rate Scheme.
After moving back to Italy from the United States in 2013, I realized how much an accounting and tax firm was needed to help expats living in Italy to comply with the local tax regulations.