Italian Tobin tax on shares — work out the financial transaction tax

Sources and assumptions

• Gazzetta Ufficiale — L. 24 dicembre 2012 — tax year 2026, verified on September 25, 2026

  Excerpt from the source : « e' soggetto ad un'imposta sulle transazioni finanziarie con l'((aliquota dello 0,4 per cento)) sul valore della transazione. »

• Gazzetta Ufficiale — tax year 2026, verified on September 25, 2026

  Excerpt from the source : « L'aliquota dell'imposta e' ridotta alla meta' per i trasferimenti che avvengono in mercati regolamentati e sistemi multilaterali di negoziazione. »

• Gazzetta Ufficiale — tax year 2026, verified on September 25, 2026

  Excerpt from the source : « emesse da societa' la cui capitalizzazione media nel mese di novembre dell'anno precedente a quello in cui avviene il trasferimento di proprieta' sia inferiore a 500 milioni di euro. »

Calculation assumptions

• Transfers of shares and equity-like instruments issued by companies resident in Italy. Issues, cancellations, conversions into newly issued shares and securities lending are not calculated.
• The transaction value is the net balance of trades in the same security settled on the same day, or the price paid: you enter it yourself.
• The fixed-amount tax on derivatives and the tax on high-frequency trading are not calculated.
• The calculation does not apply the exemptions tied to who is trading: intermediaries standing between the parties, counterparties such as the European Union, the ECB or central banks, market-making or liquidity provision for the issuer, social security bodies, pension funds and PEPPs, intra-group or reorganisation transactions, ethical products. If one of these applies to you, the tax shown is not due.