Glossary entry

Italian term or phrase:

addizionale comunale all'irpef sospesa

English translation:

suspended additional municipal income tax on individual

Added to glossary by James (Jim) Davis
Apr 23, 2007 10:26
17 yrs ago
62 viewers *
Italian term

addizionale comunale all'irpef sospesa

Italian to English Bus/Financial Law: Taxation & Customs
entry of an income tax return

Proposed translations

+1
1 hr
Selected

suspended additional municipal income tax on individual

This really needs an explanation. It is income tax on individuals, not companies (ires) and it is an additional quota levied by municipalities (comuni). For some reason, in this case this tax has been suspended (exempted) on certain items. For example tax on the capital gains on an investment (shares) might be suspended until you actually sell the investment and realise a profit in cash.
Peer comment(s):

agree Peter Cox
1 hr
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