Taxes in Europe Database v2
DPR n. 600 of 29 September 1973. D.L. 24/04/2014, n. 66, converted into L. 23.06.2014 n. 89.
Beneficiaries of interests and capital gains.
Income accruing from financial investments is taxed on a realization base, costs borne are not deductible.
The income is subject to a withholding tax.
In force as of 1.07.2014, 26% tax rate applies on interests and other income received by investors. A rate amounting at 12.5% applies to interests, premiums and any other income from Italian and foreign Government securities.
The withholding tax is levied as a final tax. In case of taxpayers running a business, a deduction at source applies.
Taxpayers other than companies and single entrepreneurs are exempted from declaring that income.