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.
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.