REDDITI 2025 - income tax return for the year 2024 for individuals - information and required documents

REDDITI 2025 for individuals (without VAT number)

Should you wish to instruct our firm to prepare your tax return for the year 2024, we kindly ask you to send us the relevant documents by Friday, 23 May 2025.

Enclosed you will find a list of the documents required for this purpose (see Annexes A, B and C).

Payments

The IRPEF balance payment for the year 2024, as well as the first instalment of the IRPEF advance payment and of the regional IRPEF surtax for the year 2025, fall due before the filing deadline of the tax return, namely by Monday, 30 June 2025, or with a 0,4% surcharge by 30 July 2025. Payment by instalments is possible (a maximum of 6 monthly instalments up to the month of November 2025), whereby the last instalment falls due on 01 December 2025 (30 November falls on a Sunday) and interest at a rate of 4% per annum (corresponding to 0,33% per month) must be charged. The first IMU instalment, by contrast, is already due by Monday, 16 June 2025.

The second instalment of the IRPEF advance payment and of the regional IRPEF surtax for the year 2025 falls due on 1 December 2025.

An IRPEF liability or an IRPEF credit of an immaterial amount, i.e. up to Euro 12,00 (corresponding to the minimum amount for IRPEF payments due), is not payable and can neither be refunded nor offset.

We remind you that, since 3 December 2016, private individuals without a VAT number are once again permitted to submit F24 payment forms to the bank for payment, even where the amount of 1.000 Euro is exceeded. It should also be noted that all taxpayers must file F24 forms with a zero balance via Entratel or Fisconline and may not send them via home banking or internet banking.

IRPEF rates

We would point out that the 2024 Budget Law introduced various changes which primarily concern the IRPEF structure. In particular, the income brackets and the respective rates for determining the final IRPEF tax were reduced from four to three. These income brackets and the corresponding rates remain unchanged for the year 2025.

Below is an overview of the new income brackets and rates.

Dependent family members

With effect from 1.3.2022 there are changes to the tax deductions for dependent children pursuant to Article 12 TUIR.

From that date,

• the tax deductions may only be calculated for dependent children aged 21 and over;
• the tax deductions are replaced by a type of family allowance, the „assegno unico“ paid by INPS (a separate application is required for it), for dependent children under 21 and for disabled children of any age.

Allocation of 8‰, 5‰ and 2‰

For the year 2024, as in previous years, it is possible to allocate a share of 5‰ of the tax due to the municipality of residence, for social purposes or to non-profit organisations, etc., a share of 8‰ to religious denominations, and a share of 2‰ to political parties.

It is also possible to allocate the 5‰ exclusively to amateur sports clubs, provided that they are entered in the national register of amateur sports clubs and carry out a relevant activity of social interest.

Please note that this choice does not entail any additional cost for you. Please let us know, where applicable, the name and the tax code of the organisation to which you wish to allocate the 5‰, 8‰ or 2‰.

Extension of the scope of application of Mod. 730

The scope of application of Mod. 730 was already extended last year in order to allow additional types of income to be declared.

As of this year, the following income may also be declared with Mod. 730/2025:

• income subject to separate taxation and to a substitute tax, as well as details concerning the revaluation of land (pursuant to Article 2 of Law Decree No. 282 of 24 December 2002)
• capital gains from financial assets, which in the past had to be declared in the Mod. Redditi PF tax return.

Direct farmers

As of 2024, the IRPEF exemption for income from the cultivation of land by direct farmers and professional agricultural entrepreneurs („IAP“ - Imprenditore agricolo professionale) registered with the agricultural social security scheme no longer applies (Article 1, paragraph 44 of Law No. 232/2016).

For the years 2024 and 2025, by contrast, the new relief pursuant to Article 13 of Law Decree No. 215/2023 applies. Accordingly, the land income and the agricultural income will contribute to the formation of total income at the following percentages:

• 0% for amounts up to 10.000 €;
• 50% for amounts from 10.000 € to 15.000 €;
• 100% for amounts exceeding 15.000 €.

Filing and transmission deadline

The „REDDITI 2025“ tax return for income of the year 2024 must be transmitted electronically by 31 October 2025. The electronic transmission may be carried out by the taxpayer himself, at the Italian Revenue Agency, or by an authorised intermediary (e.g. auditors and tax advisors).

A few exceptions remain in which the tax return may still be filed in paper form at the post office, although in that case within the shorter deadline of 30 June 2025 .

Compliance visa

If a tax credit for an amount higher than Euro 5.000,00 is designated for horizontal offsetting, the tax return must be provided with a compliance visa.

Annex:

• Annex A: List of the documents required for the preparation of the tax return
• Annex B: other income
• Annex C: deductible expenses