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Tax & Legal

The Italian Tax System
Taxation of an individual's income in Italy is progressive. In other words, the higher the income, the higher the rate of tax. In 2005 the tax rate for an individual was between 23% and 43%. In addition to direct taxation (IRPEF), there is also local tax (IRAP). Self employed individuals are taxed at between 3.25% and 5.25%. Local tax is not required by a foreign resident who is employed in Italy. There are reduced rates of tax and tax exemptions available to certain income earners. The standard rate of corporate tax (IRPEG) in 2005 was 33% and local tax (IRAP) was at a rate of 4.25%.

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CIRA (Italian Aerospace Research Centre)

The Aerospace Sector, due to its very nature, is a field of high technology. The availability of advanced technologies and, still more, the ability to develop them with continuity, is considered in every country the basic requirement for the growth and durable success of its industries. CIRA (Centro Italiano Ricerche Aerospaziali) was established in July 1984 to respond to these needs. Please visit:
www.cira.it

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