Here are the companies that pay the most taxes in Varese (cross-border guide)

Context

In a nutshell

• The ranking of Made in Varese 2026 on the 2024 financial statements has been published.
• Bticino is in first place for taxes paid in 2024.
• The first five companies exceed 230 million euros in taxes.

Key facts

• What: Taxes paid by Varese companies.
• When: 2024.
• Where: Varese.
• Who: Bticino, Sea Esercizi Aeroportuali, Novartis Farma, Irca, Tigros Real Estate.
• Amount: 84,548 million euros (Bticino), 66,065 million euros (Sea Esercizi Aeroportuali), 29,546 million euros (Novartis Farma).

The ranking of Made in Varese 2026 on the 2024 financial statements sees Bticino in first place, followed by Sea Esercizi Aeroportuali and Novartis Farma. The top five companies together exceed 230 million euros in tax payments. This figure is also of strategic importance for frontier workers residing in border municipalities in Ticino such as Mendrisio, Chiasso or Lugano, employed in companies in the province of Varese or in structures with strong cross-border economic interconnections.

The analysis of the 2024 balance sheet data highlights the solidity of the insufficient industrial fabric. Bticino leads the ranking with a tax disbursement of 84,548 million euros, confirming itself as a primary economic engine for the Varese area and a reference point for qualified employment also across the border. In second place we find Sea Esercizi Aeroportuali, which paid 66.065 million euros, benefiting from the structural recovery

Operational details

The tax classification is part of the analysis of the 1,519 companies considered by the territorial economic report, confirming the crucial role of corporate taxation in cross-border development between Lombardy and the Canton of Ticino. The first five companies thus reach, in total, over 231 million euros in taxes paid, highlighting a concentration of added value that also directly affects the flows of border workers residing in the provinces of Varese, Como and Sondrio.

This scenario is inevitably reflected in the Ticino border municipalities such as Mendrisio, Chiasso and Lugano, where many of the subsidiaries and companies owned by these industrial giants operate. The cross-border economic impact has to deal with the new tax legislation that entered into force on 17 July 2023, which redesigned the taxation of cross-border workers with the introduction of a tax at source in Switzerland up to a maximum of 80% and the return of a share in the Italian municipalities of residence, initially estimated based on geographical proximity bands within 20 kilometres of the border.

For companies and tax advisors operating on both sides, managing these financial volumes requires rigorous planning. Here is an indispensable operational checklist for regulatory compliance:

• Verification of the tax residence of personnel pursuant to the 2023 bilateral agreement.
• Monitoring of withholdings at

Useful tools for your case

To verify your within/over 20 km tax scenario, use the net salary calculator and the tax return guide.

Key points

Here are the companies that pay the most taxes in Varese

The companies that pay the highest volume of taxes in the territory of Varese represent the economic engine of an area strongly interconnected with the Swiss market. At the top of this ranking are industrial and distribution giants such as Bticino, Sea Esercizi Aeroportuali, Novartis Farma, Irca and Tigros Real Estate. This tax dynamic has a direct impact on the cross-border financial flows and asset management of the thousands of workers residing in Ticino, in particular in border municipalities such as Mendrisio, Chiasso, Lugano and Stabio.

The Varese production fabric feeds an economic chain that directly involves the Swiss labour market.

To understand the impact of these tax balances on your personal situation, it is essential to consider the innovations introduced by the new tax agreement on frontier workers, ratified and entered into force on 17 July 2023, with effect from 1 January 2024. According to the new provisions, the so-called "new frontier workers" – that is, those who have started working in Ticino since that date – are subject to concurrent taxation between Switzerland and Italy, with the elimination of the historic deductible of 8,000 euros, replaced by a limited favourable treatment and a tax credit to avoid double taxation.

To find your way around the Italian IRPEF rates and withholdings at source

Evaluating a Ticino job offer? Simulate your net payslip: enter gross salary, marital status and municipality for a detailed breakdown.

Source: varesenews.it