Italy has a complex taxation system that is subject to change. A Valued Added Tax (in Italian the abbreviation is ‘IVA’) is levied on most goods, both imported and domestic. The most common rate is 22 per cent but reduced rates may apply to some products. For more information please visit the EU Taxation and Customs Union website.

The Italian Investment Agency also provides information on the Italian taxation system.

Those considering doing business in Italy should seek advice from a tax professional specific to their individual circumstances.