Italian Tax Return 2026 (Dichiarazione dei Redditi) for Expats in Italy | TMG Books
Prepare your Italian tax return 2026 (Dichiarazione dei Redditi) with expert support for expats in Italy. TMG Books helps English-speaking freelancers, entrepreneurs, and businesses manage taxes, income, crypto, and foreign assets clearly and compliantly.
Alessandro Badalamenti
6/8/20264 min read
Italian Tax Return 2026 (Dichiarazione dei Redditi) for Expats in Italy
Preparing your Italian tax return (Dichiarazione dei Redditi 2026) can feel overwhelming, especially if you are an expat living and working in Italy.
Between Italian tax rules, foreign income, crypto assets, investment reporting, and multi-country financial situations, it is very easy to miss something important or misunderstand what actually needs to be declared.
At TMG Books, we help English-speaking expats, freelancers, and business owners take full control of this process. We don’t just explain what is needed, we help you prepare it correctly, organise it properly, and file it with confidence.
If you want support, you can simply email us at hello@yourtmg.com, or start with our free assessment to understand your situation in under 90 seconds.
What You Need for Your Italian Tax Return 2026
To complete your tax return correctly, you need a clear picture of your income, assets, deductions, and tax residency status.
Most people don’t have everything organised in one place, that’s where we step in. We help you collect, structure, and verify all required documentation so your filing is accurate and complete.
Tax Residency in Italy (Why It Matters)
Your tax residency status determines how your income is taxed in Italy and what must be declared globally.
Tax residency affects:
What income is taxable in Italy
Whether foreign income must be declared
Reporting obligations for overseas assets and accounts
This is one of the most important parts of the entire tax return, and mistakes here can create long-term compliance issues. We help you clarify your position before anything is filed, so the rest of your return is built on the right foundation.
Income You Must Declare
We help you identify and organise all relevant income sources so nothing is missed or misreported.
This includes:
Employment income (Certificazione Unica)
Freelance and self-employment income (Partita IVA)
Business income (including SRL structures)
Prior year tax filings and confirmations
Each income type may be treated differently under Italian tax law. Our role is to make sure everything is correctly classified and properly documented.
Foreign Income, Bank Accounts & Assets
For expats, this is where complexity increases significantly.
We help you manage:
Foreign income earned outside Italy
Foreign bank account balances (31 December and annual average balance)
Overseas financial accounts and reporting obligations
Even small errors or omissions in foreign reporting can create issues later. We ensure everything is declared correctly and consistently.
Property, Investments & Crypto
If you own assets in Italy or abroad, these must be fully reported in your tax return.
We support you with:
Real estate (primary residence, rental, or unused properties)
Foreign investments and securities
Cryptocurrency holdings and transactions
This includes proper valuation in euros, classification of income, and full reporting of movements where required.
Deductions & Allowable Expenses
Correctly applying deductions can significantly impact your final tax position.
We help you prepare and validate:
Medical and healthcare expenses
Rental expenses (where eligible)
Mortgage interest on primary residence
Dependent family members
We also ensure you have the correct documentation in place, so deductions are not rejected or questioned later.
Common Mistakes Expats Make in Italy
Most tax issues we see are not intentional, they come from confusion, language barriers, or incomplete information.
Common mistakes include:
Incorrect tax residency classification
Missing foreign asset declarations
Misunderstanding Partita IVA obligations
Incorrect VAT or tax regime selection
Late or incomplete filings
These issues are usually avoidable with proper guidance and structured preparation from the start.
How We Help Expats with Italian Tax Returns
TMG Books provides full accounting and tax support specifically designed for English-speaking professionals living in Italy.
We don’t just “do the paperwork”, we manage the process end-to-end so you always know what is happening and why.
Our support includes:
Full tax return preparation (Dichiarazione dei Redditi)
Partita IVA setup and ongoing management
Bookkeeping and accounting support
Foreign income and asset reporting
Ongoing compliance for individuals and businesses
We work with a wide range of clients including service businesses, consultants, e-commerce founders, freelancers, and digital entrepreneurs. We also support privacy-sensitive and online business models with full confidentiality and professionalism.
If you’re unsure about your situation, we can review it quickly and tell you exactly what needs to be done, no complexity, no guesswork.
English-Speaking Accountants in Italy
One of the biggest challenges expats face in Italy is not the tax system itself, it is communication.
Most traditional accounting firms operate only in Italian and use highly technical terminology, which makes it difficult to understand what is actually happening with your finances.
We solve this by working entirely in clear English, with fast communication and practical explanations. If something is complex, we break it down so you can make decisions confidently.
H2 Risks of penalties with Agenzie dell’Entrate
Failing to complete your Italian tax return (Dichiarazione dei Redditi) correctly or on time can lead to serious consequences.
This may include financial penalties, interest on unpaid taxes, and in some cases retrospective tax assessments on undeclared income or assets. For expats, the risk is even higher when foreign income, bank accounts, or investments are not properly reported, as these are commonly reviewed by the Italian Revenue Agency. Even small mistakes or missing documentation can trigger compliance checks or delays. The safest approach is to ensure your tax return is fully prepared, accurate, and filed with professional support.
Get Support for Your 2026 Tax Return
If you want help preparing your Italian tax return or want to avoid missing anything important, we can support you directly.
Start here with our free assessment or contact us directly at hello@yourtmg.com
We’ll review your situation and give you clear next steps so you can stay compliant, organised, and stress-free.
Learn More About Our Services
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