Italy has a complex and multi-level taxation system that includes taxes for individuals and legal entities, as well as various indirect taxes. Let’s take a look at the main aspects of the Italian tax system as of the end of 2024 – beginning of 2025.
Taxes for individuals:
Taxes for legal entities:
Italy also has an interesting example of incentivizing the acquisition of Italian residency – a flat tax for new residents. Foreigners moving to Italy can take advantage of a special regime by paying a flat tax of €100,000 per year on foreign income, which exempts them from the standard income tax.
In 2024, Italy implemented a tax reform aimed at simplifying the system and reducing the tax burden for certain categories of citizens. In particular, IRPEF rates were revised and additional benefits for families with children were introduced. Italy has double taxation treaties with more than 100 countries, which allows avoiding double taxation of income for residents and non-residents.
The Italian tax system is characterized by progressive rates and a variety of different taxes and fees. When planning to relocate or do business in Italy, it is recommended that you carefully study the current tax obligations and, if necessary, seek advice from professional tax advisors.
Source: http://relocation.com.ua/niuansy-systemy-opodatkuvannia-italii/
Serbia has launched a new program to support business and attract investment, let’s take a look at some of them: 1 Financial incentives: The government will increase the volume of soft loans and subsidies for entrepreneurs. The focus is on IT, agriculture, eco-technology, and other key industries.
2 Less bureaucracy: In 2025, a single digital platform for business registration and permits will be launched. This will speed up the process of starting a company and obtaining a residence permit for foreign founders.
3 Assistance to the regions: A special priority is provincial development. Business owners willing to open branches outside Belgrade will be able to count on additional grants.
What experts say:
◦ The Serbian Chamber of Commerce and Industry believes that they have been waiting for the simplification of procedures for a long time.
Analysts call for further reforms of the judicial and legal systems to make serious investors more willing to come to the country.
Why it is important for relocation: The new program is a great reason to pay attention to Serbia. Fewer formalities and more favorable business conditions = a real incentive to relocate.
The State Enterprise “Forests of Ukraine” sold 2.39 million cubic meters of timber at auction in the fourth quarter of 2024, shipped 2.24 million cubic meters of timber at the end of the quarter and brought the percentage of contract fulfillment to 94%, said Yuriy Bolokhovets, CEO of the state enterprise, on Facebook.
“The Ukrainian Energy Exchange (UEEX) announced a 90% level of contract fulfillment. In fact, this figure is even higher. After all, if the buyer refuses to buy the contracted products, we put the resource up for auction again. Therefore, the actual percentage of sales by the State Enterprise “Forests of Ukraine” exceeds 94%,” he said.
Bolokhovets added, referring to the exchange’s data, that the figure for municipal forestries is 75%, and for other forest users – 41%.
He recalled that in 2023, the percentage of contract fulfillment by the State Enterprise “Forests of Ukraine” was less than 90%.
According to him, out of 150 thousand cubic meters of the undelivered volume, 80 thousand cubic meters are military supplies. While the military used to choose mostly round timber of small diameters (15-19 cm, 20-24 cm), which is less popular with businesses, to cover dugouts, they have recently been actively ordering large diameter products (30-34 cm, 35-39 cm) for the manufacture of lumber for trench construction. Military orders are given top priority, the CEO explained.
He also emphasized that harvesters work in a shortage of personnel, crews are not booked, workers are mobilized, sometimes en masse, and therefore the contractor cannot always provide the required volume of harvesting in time for objective reasons. In addition, sanitary felling may not pass the approval procedure for one reason or another.
“Our regional branches are tasked with minimizing the negative consequences for customers in such cases. A hotline operates at the central office level: a solution must be found for each problem situation that will satisfy the company’s client,” the CEO summarized.
As reported, Ukraine launched a forestry reform in 2016. It has already introduced the sale of raw wood at electronic auctions. Since 2021, an interactive map of wood processing facilities has been operating in a test mode in a number of regions.
The industry has implemented the Forest in a Smartphone project, which contains a list of logging tickets for timber harvesting and allows you to check the legality of logging on the agency’s online map.
On June 1, 2023, Ukraine launched a pilot for the electronic issuance of logging tickets and certificates of origin of timber. In addition, the State Enterprise “Forests of Ukraine” has launched a pilot project to procure timber harvesting services through the electronic platform Prozorro.
Change in prices of food raw materials from Ukraine (forecast up to 2025), %
Open4Business.com.ua
Northern Mining and Processing Plant (Northern GOK, Kryvyi Rih, Dnipro region), a part of Metinvest Group, invested UAH 122 million in overhaul of railway equipment and machinery in 2024.
According to the plant, a new two-section 2TE10M mainline diesel locomotive has recently been put into operation at Pivdennyi GOK after overhaul. It transports rock mass in the Pervomaisky open pit.
The locomotive was overhauled for more than three years by specialists from Daugavpol Locomotive Repair Plant. All key components and assemblies in two sections were upgraded to meet the passport parameters. The performance characteristics and service life of all equipment units have been updated, which will extend the service life of the locomotives for another six years.
The repaired locomotive was tested for rock haulage. To date, the equipment has already transported 1.1 thousand tons of ore per trip.
“Given the numerous restrictions and challenges of the war, maintaining the equipment’s performance remains one of the company’s priorities. This is especially important as business plans are expanding. The plant continues to upgrade its rolling stock to ensure the reliability and efficiency of rock transportation. The experience of cooperation between the company’s enterprises and Latvian repairmen began in 2017 and continues due to the high quality of the work performed,” explains Vladimir Nazarenko, head of the Southern GOK’s maintenance department.
Yenakiieve Mining is part of Metinvest Group, whose main shareholders are System Capital Management (SCM, Donetsk) (71.24%) and Smart Holding Group (23.76%). Metinvest Group’s management company is Metinvest Holding LLC.
Long-term mortgage rates in the U.S. continued to climb last week, reaching their highest level since July.
The average rate on thirty-year loans stood at 6.91% per annum on Thursday, up from 6.85% a week ago, government mortgage corporation Freddie Mac said. It was at 6.62% a year earlier.
“Mortgage rates hit their highest point in six months, a step away from 7%,” said Freddie Mac chief economist Sam Khater, quoted in the report. – Negative factors for the market persist.”
However, he noted that despite this, the index of pending home sales in the U.S. secondary market (pending home sales) in November rose.
The index is a leading indicator of activity in the real estate market . Pending sales are those for which a contract has been signed, but the transaction has not yet closed. It usually takes 4 to 6 weeks to close.
Fifteen-year mortgages now average 6.13% APR versus 6% a week ago and 5.89% a year ago.
Freddie Mac calculates average rates based on data from about 80 mortgage loan originators nationwide. The rates do not take into account potential fees and other fees associated with mortgages.
