Income tax allowances

• Mandatory social security contributions;

• Contributions up to €5,164.57 to Italian qualified pension funds;

• Reimbursement for travel and accommodation for business trips up to a maximum of €46.48 within Italy and €77.47 abroad;

• Reimbursement for laundry, parking and telephone costs for work away from home;

• Reimbursement for food provision by an employer to his or her employees;

• Reimbursement for remuneration in kind (e.g. transport to and from the workplace provided by an employer);

• Share purchase plans granted under certain conditions;

• Maintenance payments to a spouse (from whom the taxpayer is legally separated or divorced);

• Expenses related to property income.

A tax credit of up to 19 per cent of the expenses mentioned below is also granted:

• Interest on a mortgage on a principal residence (prima casa) or land in Italy, provided that the loan is taken out in a European Union country, up to a maximum of €3,615.20;

• Medical expenses in excess of €129.11 for general medical expenses and €129.11 for specialist medical treatment, for both the taxpayer and his dependants;

• Funeral expenses up to a maximum of €1,549.37;

• Tuition expenses at universities up to the equivalent cost of attendance at a state establishment;

• Premiums which are for life insurance and health insurance, up to a total of €1,291.14;

• Veterinary expenses exceeding €129.11 up to €387.34;

• Contributions to non-profit entities up to €2,065.83.

Personal ‘allowances’ are in fact granted in the form of tax credits.

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