LumenWhat is the corporate income tax (IRES) rate for an Italian SRL?
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Italian resident companies, including SRLs and SpAs, pay corporate income tax (IRES) at 24% of their total net income. The rate is in art. 77 of the income tax code in force for 2026, and the new Testo unico, which applies from 1 January 2027, keeps it at 24% in art. 86.
Key facts
| What | The law says | Source |
|---|---|---|
| Rate | 24% of total net income | TUIR (DPR 917/1986), art. 77; D.Lgs. 117/2026, art. 86(1) |
| Who pays | Resident SpAs, SAPAs, SRLs, cooperatives and mutual insurers; also non-resident companies and entities of any kind | D.Lgs. 117/2026, art. 82(1) |
| Tax base | Total net income, computed under the corporate income rules | D.Lgs. 117/2026, art. 84(1) |
| Tax period | The company’s financial year set by law or the deed of incorporation; otherwise the calendar year | D.Lgs. 117/2026, art. 85(2) |
| Banks and financial intermediaries | 3.5-point surcharge (some asset managers and investment firms excluded) | D.Lgs. 117/2026, art. 86(2) |
| New code | The Testo unico on income taxes applies from 1 January 2027 | D.Lgs. 117/2026, art. 377 |
The rate
Article 77 of the income tax code (TUIR, DPR 917/1986), in the text in force in 2026, says corporate income tax (imposta sul reddito delle società, IRES) is charged on total net income at 24%. A 2026 consolidation, the Testo unico delle imposte sui redditi (D.Lgs. 117/2026), replaces the TUIR from 1 January 2027 (art. 377); its art. 86(1) sets the same 24% rate.
Who pays IRES
The new code lists the taxpayers in art. 82(1): resident companies limited by shares (SpA and SAPA), limited liability companies (SRL), cooperatives and mutual insurance companies, European companies and cooperatives; resident public and private bodies whose main object is commercial; and non-resident companies and entities of every kind.
Banks and financial firms
For financial intermediaries and the Bank of Italy, the 24% rate carries a surcharge of 3.5 percentage points. Fund management companies and SIMs (investment firms) are excluded from the surcharge (art. 86(2)).
What this page doesn’t cover
This page covers only the IRES rate. It does not cover regional tax on productive activities (IRAP), how taxable income is computed, or any temporary reduced rates; the sources above don’t set them out.
Related questions
- Minimum capital to set up an SRL: see the Italy SRL minimum share capital page.
Sources
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