Italian Regional Production Tax and its Impact on Taxpayers

Autore: Piergiorgio Valente

IRAP is a regional production tax (established by Legislative Decree No. 446 of 15 December 1997, the so-called “IRAP Decree“) levied on independent and regularly exercised activities of production or exchange of goods and/or provision of services. Piergiorgio Valente, Managing Partner of Valente Associati GEB Partners explains the specifics of the tax and its impact on taxpayers operating in Italy.