For those who have decided to open the VAT number, the next and fundamental step is to identify the most suitable tax regime to join.
Currently, Italian law provides for three different tax regimes:
- flat-rate scheme: preferential taxation at 5 or 15%, simplified accounting
- simplified regime: progressive taxation up to 43%, simplified accounting compared to the ordinary regime
- ordinary regime: progressive taxation up to 43%, ordinary accounting
The substantial differences between these different regimes lie in the taxation and in the way in which taxable income is calculated.
For all those who want to start or have recently started their own business, the choice of the flat-rate scheme is undoubtedly the most convenient. To join the flat-rate scheme and access the advantages it brings (among the most relevant we mention the facilitated taxation and the VAT exemption) it is essential to meet all the necessary requirements.
But if you have further doubts about which tax regime to choose or would like more information about the requirements for joining the flat-rate regime, you can book a call with our experts.