Marco Rossi - Tax Year 2024
Primary Tax Residence: 🇮🇹 Italy| Country | Employer | Gross Salary |
|---|---|---|
| 🇮🇹 Italy | Tech Corp Italia | €65,000 |
| 🇬🇧 UK | Tech Corp UK | €52,650 |
| 🇫🇷 France | Tech Corp France | €42,000 |
| TOTAL | €159,650 | |
| Country | Company | Fees (EUR) |
|---|---|---|
| 🇮🇹 Italy | Startup Italia SRL | €25,000 |
| 🇬🇧 UK | Startup UK Ltd | €23,400 |
| 🇫🇷 France | Startup France SAS | €18,000 |
| TOTAL | €66,400 | |
| Property | Net Income |
|---|---|
| 🇮🇹 Apartment Milan | €14,500 |
| 🇮🇹 Apartment Rome | €12,200 |
| 🇬🇧 Flat London | €22,230 |
| 🇫🇷 Apartment Paris | €16,000 |
| TOTAL | €64,930 |
| Type | Amount |
|---|---|
| Capital Gains - Stocks | €20,290 |
| Capital Gains - Crowdfunding | €3,325 |
| Dividends | €8,774 |
| Interest Income | €1,650 |
| TOTAL | €34,039 |
| Country | Total Income | Tax Paid | Effective Rate | Status |
|---|---|---|---|---|
| 🇮🇹 Italy | €282,855 | €59,075 | 20.88% | Tax Resident |
| 🇬🇧 UK | £84,000 | £16,850 | 20.06% | Non-Resident |
| 🇫🇷 France | €76,000 | €15,200 | 20.00% | Non-Resident |
| Corporate Entities | ||||
| 🇮🇹 Startup Italia SRL | €180,000 | €5,282 | 27.80% | IRES + IRAP |
| 🇬🇧 Startup UK Ltd | €175,500 | €5,891 | 19.00% | Corporation Tax |
| 🇫🇷 Startup France SAS | €140,000 | €7,325 | 25.00% | Impôt sociétés |
Total foreign tax paid: €30,126
Foreign tax credit allowed (Italy): €28,500
Unused foreign tax credit: €1,626 (5.4% of foreign tax)
| Source Country | Tax Paid | Credit Allowed | Treaty |
|---|---|---|---|
| 🇬🇧 UK | €16,800 | €15,800 | IT-UK Treaty |
| 🇫🇷 France | €12,000 | €11,500 | IT-FR Treaty |
| 🇺🇸 US (withholding) | €1,326 | €1,200 | IT-US Treaty |
| TOTAL | €30,126 | €28,500 |
Based on your financial profile, we've identified 5 optimization opportunities with potential savings of €10,683
Foreign tax paid (€30,126) exceeds credit allowed (€28,500) due to Italian tax limitation. Consider restructuring income sources or timing.
Properties held personally. Consider establishing property holding companies for tax efficiency and liability protection.
Companies have €60,807 in retained earnings. Optimize dividend distribution timing to manage personal tax bracket.
Current contributions: €5,000. Can increase to €5,164.57 (10% of employment income limit).
Claimed €55,000 in renovation/energy credits (10-year credit: €5,500/year). Monitor credit periods and plan future renovations.
| 🇮🇹 Italy (2 properties) | €950,000 |
| 🇬🇧 UK (1 flat) | €585,000 |
| 🇫🇷 France (1 apartment) | €420,000 |
| TOTAL | €1,955,000 |
| Stock Market | €285,000 |
| Crowdfunding | €45,000 |
| TOTAL | €330,000 |
| 🇮🇹 Startup Italia SRL | €73,718 |
| 🇬🇧 Startup UK Ltd | €46,465 |
| 🇫🇷 Startup France SAS | €41,975 |
| TOTAL | €162,158 |
| 🇮🇹 Italian banks | €85,000 |
| 🇬🇧 UK banks | €58,500 |
| 🇫🇷 French banks | €35,000 |
| 🇨🇠Swiss bank | €42,000 |
| TOTAL | €220,500 |
Maximize pension fund contributions across all countries to reduce taxable income.
Optimize the mix between salary and dividends for company ownership to minimize overall tax burden.