Auxadi Italy
Italy boasts a cultural heritage and is one of the world’s top tourism destinations. The country hosts a fully diversified economy, the EU’s 3rd largest and the 8th largest global economy, and the local market is relatively affluent – GDP per capita reached $35,551 in 2021.
Italy is the 2nd largest manufacturing economy in Europe and has a large manufacturing trade surplus that covers many different sectors, including pharmaceuticals, machinery and automation, telecoms, food, and many forms of design (fashion, furniture, textiles, etc.). It also supports world leading research and innovation in the technology, life sciences, and robotics fields, to name just a few.
Its location in southern Europe and excellent logistics make it a perfect bridge to access markets in North Africa and Central and Eastern Europe, and Italy welcomes foreign investment. Though the regime is strict and regimentally enforced, Italy hasn’t set minimum capital requirements or general quota restrictions on foreign ownership.
Italy
Italy boasts a cultural heritage and is one of the world’s top tourism destinations. The country hosts a fully diversified economy, the EU’s 3rd largest and the 8th largest global economy, and the local market is relatively affluent – GDP per capita reached $35,551 in 2021.
Italy is the 2nd largest manufacturing economy in Europe and has a large manufacturing trade surplus that covers many different sectors, including pharmaceuticals, machinery and automation, telecoms, food, and many forms of design (fashion, furniture, textiles, etc.). It also supports world leading research and innovation in the technology, life sciences, and robotics fields, to name just a few.
Its location in southern Europe and excellent logistics make it a perfect bridge to access markets in North Africa and Central and Eastern Europe, and Italy welcomes foreign investment. Though the regime is strict and regimentally enforced, Italy hasn’t set minimum capital requirements or general quota restrictions on foreign ownership.
Why Auxadi is trusted as an expert outsourcing provider in Italy
Auxadi offers accounting, tax and payroll services to multinationals and fund managers, focused on enabling international expansion and investment. Through a single-point-of-contact delivery model and our leading MySPV technology platform, we offer an unrivalled solution that can help you grow your business.
In Italy, regulations are set and enforced at federal, regional and municipal levels, with all levels containing regulations relevant to foreign investors.
As an EU member state, Italy is bound by EU laws and treaties, which require foreign and domestic investors to equal treatment. Italy has the right to review mergers and acquisitions for antitrust, competition, and national security concerns. We’re ideally placed to help you navigate local regulations, laws and regimes so your operation set up and day-to-day management can run smoothly.
International Accounting, Tax and Payroll in 50 countries
Corporations
We can help you with your international expansion and we serve more than 600 clients across many different sections. We become an extension of your finance departments abroad and you can access the accounting information of all your international subsidiaries through a single portal, customised to meet your needs.
Funds
With nearly $7 billion of assets under management, we can take of the corporate management and SPV administration of your investment structures. Whether you’re creating a holding structure in Luxembourg or setting up a SPV in Europe and Latin America, we offer accounting, reporting, tax compliance and directorship solutions to help make your life easier.
Our services
Accounting Specialists
The Italian tax year mirrors the calendar year and companies use IFRS.
Limited Liability Companies (S.R.L.) are the most common types of company in Italy. Italian S.R.L.s are required to appoint an Audit Committee of three to five members, who must give an account of the audit in the annual report.
Annual report, audit report, financial statements and minutes of the AGM must be filed with the company register within 30 days of the AGM.
We help global corporations and fund managers with all their corporate accounting requirements using our bespoke and best-in-class technology platform, MySPV. Our accounting experts in Italy can help manage:
- Accounting and bookkeeping
- Management accounting
- Statutory accounting
- Official Books and Annual Accounts
- Cash management (including payments)
- Reporting
- Consolidation of finanical statements
- Bank account tracking
- Treasury and cash flow forecasts
- Audit assistance
Tax Specialists
Differing tax regimes are often more challenging than any other component of international business.
Italy has a corporation tax rate (known as IRES) of 24% in 2022, and companies are also liable for a 3.9% local tax (known as IRAP), bringing the effective rate to 27.9%. Banks and financial companies are liable for an IRAP of 4.65–5.9%.
Capital gains on interest and dividends from a non-qualifying shareholding in an unlisted Italian company is 26%, while companies pay 24% tax on capital gains, and all fixed assets used in the business of the company are depreciable for both IRES and IRAP.
Italy has double taxation treaties with almost 100 different countries around the globe.
We’re experts in international taxation and are on hand to take care of intricate local taxation rules, using our purpose built automation technology.
- Tax compliance – covering multinational, federal, state, and municipal taxes
- Official Books and Annual Accounts
- Assistance with tax inspections and audits
- Tax reviews and claims
Payroll Specialists
Italian employers are obligated to deduct tax at source at a rate of 23-43%, and the employer’s social security contribution is around 30% of salary (with an employee contribution around 10%). There are different rates for executives and self-employed.
Our experienced and knowledgeable team of payroll specialists in Italy will use our unique payroll technology platform to manage your payroll function. You’ll have permissions control for reviews and approvals, automated processes, and coherent, homogenised data that can be easily consolidated across your global business.
Monitor and manage your international subsidiaries with our MultiCountry online platform
Access our online platform that provides you with a global and harmonized view of the accounting of your international subsidiaries, with drill down functionality to check support documentation, such as: invoices, outstanding creditors, approve payment orders, manage the payroll processing cycle and so much more. Request a demo to see how our technology can help you.
Get access to Auxadi corporate materials and technical guides to know more about us.
Meet the team
Rima Yousfan
Senior VP, Head of International Corporations
Auxadi in Italy
Corso Magenta nº10
20123 – Milano
Tel: +39 0294755614
Count on our professional and extensive experience in the Italian market, for your investments in Italy and elsewhere in Europe, the United States and Latin America.