The Annuale

The Annuale is a traditional financial accounting method used in Italian accounting to determine the taxable income of a business. It involves calculating the annual income by adjusting the company's income statement with specific taxes, deductions, and allowances as prescribed by Italian law. Essentially, it ensures that the business's profit is accurately measured for tax purposes, taking into account various fiscal rules and adjustments. This method helps align the company's reported income with tax regulations, ensuring compliance and proper taxation in Italy.