Would you like to start a business, and are you looking for accounting services in Italy? This article offers you information about the key accounting services a firm needs. Plus, our accounting specialists are here to help you and guide you from the start.
| Quick Facts | |
|---|---|
| Who requires accounting services in Italy | Resident and non-resident companies with activities in Italy |
Applicable accounting legislation | – Italian Civil Code, – International Financial Reporting Standards (IFRS) |
Types of accounting services we offer | – bookkeeping, – payroll, – annual financial statements, – tax returns, – debt monitoring |
| Tax advice and compliance (YES/NO) | Yes |
| We offer support for tax registration | Yes |
| Financial planning for company owners | We offer dedicated financial plans on request |
| Risk assessment and evaluation | Offered after company registration in Italy |
| Types of audit services | – internal, – external, – financial, – compliance, – operational |
| Tax minimization methods available | – tax credit planning, – charities, – retirement plans, – selling investments that lost their value |
| Personalized financial consultancy services | On request |
| Investment consultancy for high-net-worth individuals | Dedicated plans on request |
| Financial and analysis reports for companies | If solicited |
| Human resources services available (YES/NO) | Yes |
| Expertise provided by certified accountants (YES/NO) | Yes |
| Free case evaluation for companies (YES/NO) | Yes |
Table of Contents
What types of accounting services do you offer in Italy?
- Payroll,
- Bookkeeping,
- Audits,
- Tax returns,
- Annual financial statements,
- Debt monitoring, etc.
What is the accounting legislation applicable in Italy?
- Consolidated Income Tax Act (TUIR),
- International Financial Reporting Standards (IFRS),
- International Standards on Auditing (ISA),
- Government Accounting and Public Finance Act (for the public sector in Italy).
Who regulates accounting in Italy?
The Italian Accounting Organization (OIC).
Is a Certified Public Accountant (CPA) available in your firm?
Yes.
Please explore the following infographic with details about the accounting services we offer in Italy:
What does payroll entail?
- calculating payroll taxes,
- salary tax payment,
- wage distribution to the employees’ accounts,
- tax compliance,
- periodical reporting,
- record keeping through specific platforms, etc.
What does bookkeeping entail?
- tracking & recording all daily financial operations of a company in Italy,
- daily financial data entry,
- maintaining the general ledger, etc.
What are the payroll taxes in Italy?
- Social security contribution – 9.19% paid by the employees, from 30% to 35% paid by the employers,
- National Income Tax (IRPEF) ranging from 23% to 33%, depending on the registered income in Italy.
What types of audits are available in Italy?
- Statutory audits,
- Voluntary audits,
- Tax audits,
- Public sector audits, etc.
NOTE!Statutory audits are imposed for joint stock companies in Italy with total assets of more than EUR 4 million.
Do you prepare annual financial statements for companies in Italy?
Yes. We use & evaluate:
- Balance sheet,
- Income statement,
- Cash flow statements,
- Reports,
- Notes, etc.
OBSERVATION! Our accountants in Italy can prepare and submit the annual financial statements to the relevant authorities.
Below you can watch a video presentation we have prepared on this topic:
Can your accountants make company payments?
Yes, in accordance with the business owner’s daily tasks and requests in Italy.
What tax optimization strategies are available in Italy?
- flat tax for high-net individuals with tax residency in Italy,
- 7% substitute tax for retirees in Italy,
- up to 50% tax exemption for foreign qualified professionals moving to Italy,
- tax benefits for donations and advanced credit payments, etc.
Can I solicit financial or tax advice for my company in Italy?
Absolutely! Our tax advisors can provide you with in-depth advice in terms of taxation for your companyin Italy.
Can I ask for accounting services for more than just a company in Italy?
Sure! You’ll just have to provide us with comprehensive information about the companies in your portfolio.
What is the financial year in Italy?
From January 1 to December 31.
NOTE! Our Italian accountants can handle all tax requirements & filling procedures once you contract them.
Are accounting services in Italy expensive?
The costs for accounting services in Italy are decided depending on the size of the company, operations, and other relevant considerations.
Are outsourced accounting services in Italy advantageous?
Yes. Here are some benefits:
- cost-effective compared to an accounting department in the firm,
- better control of daily operations & accounting responsibilities,
- accounting experts at your service,
- effectiveness,
- competence, etc.
If you are interested in accounting services in Italy in 2026, you can contact us. Also, if you want to register a company in Italy, do not hesitate to discuss it with us. If you need accounting services in Croatia or other countries, we can put you in touch with our local partners. We can start collaborating as soon as we agree on the terms & conditions.