Overview

• Italian companies and self-employed professionals face a €42.3 billion payment due by June 16 covering Irpef withholdings, VAT and property levies.
• Rome expects a total of €59.3 billion in tax receipts this month, including €17 billion due on June 30 for corporate, regional and personal income taxes.
• Italy’s business tax burden reached 42.6% of GDP in 2024, placing it sixth in the EU above the 40.4% average.
• The government has reduced the IRPEF second bracket rate from 35% to 33% for annual incomes between €28,000 and €50,000.
• Payments of Ires, Irap and Irpef for flat-rate taxpayers and those under Isa indicators have been postponed until July 21 to relieve cash-flow pressures.