v3.25.1
Provision for Income Taxes (Tables)
12 Months Ended
Dec. 31, 2024
Provision for Income Taxes [Abstract]  
Schedule of Income Taxes Rate

Italian companies are subject to two enacted income taxes at the following rates:

 

   2024   2023   2022 
IRES (state tax)   24.00%   24.00%   24.00%
IRAP (regional tax)   3.90%   3.90%   3.90%
Schedule of Income Tax Expenses

For the years ended December 31, 2024, 2023 and 2022, the Company’s income tax expenses are as follows:

 

   2024   2023   2022 
   EUR   EUR   EUR 
Current tax expenses   (41,137)   41,085    
-
 
    (41,137)   41,085    
-
 
Schedule of Reconciliation of Income Taxes at Statutory Rates

A reconciliation of income taxes at statutory rates with the reported taxes is as follows:

 

   2024   2023   2022 
   EUR   EUR   EUR 
(Loss) profit before tax for the year   (5,089,998)   (4,870,580)   (1,226,855)
                
Expected income tax recovery – IRES   41,137    40,902    (112,400)
Expected income tax recovery – IRAP   
-
    235    (18,265)
Expected income tax recovery – Ireland   
-
    
-
    (94,815)
Tax loss not recognized   
-
    (52)   225,480 
Current tax expenses   41,137    41,085    29,331