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You have set up an Srl and are closing its first financial year

The first tax return of an Srl

Approve the financial statements, move from accounting profit to taxable income, compute IRES, the carry-forward of first-year losses and the advance payments, then file the financial statements and submit the Redditi SC and IRAP returns: 9 steps.

Start here: Approving and filing the accounts of an Italian SRL

Understand: financial statements and filing, IRES and IRAP, from accounts to Redditi SC

  1. Step 1 of 9
    CourseFree38 min

    Approving and filing the accounts of an Italian SRL

    Who must file accounts, the 120 or 180 days to approve them and what to do when the members' meeting comes late; the documents in the filing, the XBRL format and its taxonomies. Then filing with the business register within 30 days of the minutes: how to count, who signs, DIRE and Telemaco, fees and stamp duty, corrections and the late-filing penalty. Two modules with case studies, 2026 rules.
  2. Step 2 of 9
    CourseFree42 min

    Corporate tax for an Italian SRL: IRES and IRAP

    From accounting profit to business income, the ordinary 24 per cent IRES rate, the Redditi SC return and payment by F24. Then the reduced IRES rate for the period following 2024 and its five conditions, tested on figures. Finally IRAP: who pays it, on what base, and why this course gives no rate for it. 2026 rules.
  3. Step 3 of 9
    CourseFree41 min

    The Redditi SC return of an Italian SRL: from accounts to taxable income, deadlines and payments on account

    How to read an SRL's tax return: sections RF, RN and RU, the adjustments that turn accounting profit into business income, alignment with accounting standards, error corrections and carried-forward losses. Then the calendar: filing by 2 November 2026, balance and first instalment at the end of June, second instalment in November, the 0.40% surcharge and the 2026 ISA extension. 2026 rules.

Compute: IRES, carried-forward losses, advance payments

  1. Step 4 of 9
    CalculatorFree result

    Italian corporate income tax (IRES) — work out the tax due

    IRES is a flat tax: 24 % of the company's taxable income. For the single tax period following the one in progress on 31 December 2024 (2025 for a calendar-year company), the rate drops to 20 % if the company sets aside at least 80 % of its 2024 profits, invests part of them in new 4.0 or 5.0 capital goods, raises employment by at least 1 % and meets the other conditions.
  2. Step 5 of 9
    CalculatorFree result

    Italian tax loss carry-forward: how much you can offset this year

    Tax losses from earlier years reduce the taxable income of each later period by up to 80 % of that income, with no time limit. Losses from the first three tax periods after incorporation, when they relate to a new business activity, can instead wipe out the whole taxable income.
  3. Step 6 of 9
    CalculatorFree result

    Italian IRES payments on account: how much a company pays, and when

    The IRES payment on account is 100 % of the reference tax. It is paid in two instalments — 40 % with the balance, by the last day of the sixth month after the financial year ends, and 60 % by the last day of the eleventh month — unless the first instalment would not exceed EUR 103. ISA taxpayers pay two instalments of 50 % each.

File: financial statements, Redditi SC, IRAP return

  1. Step 7 of 9
    FormFree45 min

    Filing an Italian Srl's annual accounts with the Companies Register

    Within 30 days of the approval minutes, in DIRE and in XBRL format: which documents to attach, who signs (director or accountant), what it costs, how to correct it and which F23 penalty applies if you are late — guide and worked example.
  2. Step 8 of 9
    FormFree120 min

    Redditi SC 2026: the Italian corporate income tax return

    Who files Redditi SC (Srl, Spa, cooperatives, commercial entities), the 2 November 2026 deadline, the RedditiOnLine SC software, online filing and the Agenzia's answers on reward IRES and the Transizione 5.0 credit — guide, deadlines and worked example.
  3. Step 9 of 9
    FormFree60 min

    Filing the Italian Irap return (form Irap 2026)

    Who must file, when the Irap 2026 return is due depending on the tax period, how to complete it with the Agenzia's software and send it online — guide, deadlines and worked example, without rates.

The other paths

A different procedure, the same principle: the three pillars in order.

Read in Italian