diff --git a/erpnext/regional/italy/__init__.py b/erpnext/regional/italy/__init__.py
new file mode 100644
index 0000000000..d7dbddce95
--- /dev/null
+++ b/erpnext/regional/italy/__init__.py
@@ -0,0 +1,32 @@
+# coding=utf-8
+
+fiscal_regimes = [
+    "RF01-Ordinario",
+    "RF02-Contribuenti minimi (art.1, c.96-117, L. 244/07)",
+    "RF04-Agricoltura e attività connesse e pesca (artt.34 e 34-bis, DPR 633/72)",
+    "RF05-Vendita sali e tabacchi (art.74, c.1, DPR. 633/72)",
+    "RF06-Commercio fiammiferi (art.74, c.1, DPR  633/72)",
+    "RF07-Editoria (art.74, c.1, DPR  633/72)",
+    "RF08-Gestione servizi telefonia pubblica (art.74, c.1, DPR 633/72)",
+    "RF09-Rivendita documenti di trasporto pubblico e di sosta (art.74, c.1, DPR  633/72)",
+    "RF10-Intrattenimenti, giochi e altre attività di cui alla tariffa allegata al DPR 640/72 (art.74, c.6, DPR 633/72)",
+    "RF11-Agenzie viaggi e turismo (art.74-ter, DPR 633/72)",
+    "RF12-Agriturismo (art.5, c.2, L. 413/91)",
+    "RF13-Vendite a domicilio (art.25-bis, c.6, DPR  600/73)",
+    "RF14-Rivendita beni usati, oggetti d’arte, d’antiquariato o da collezione (art.36, DL 41/95)",
+    "RF15-Agenzie di vendite all’asta di oggetti d’arte, antiquariato o da collezione (art.40-bis, DL 41/95)",
+    "RF16-IVA per cassa P.A. (art.6, c.5, DPR 633/72)",
+    "RF17-IVA per cassa (art. 32-bis, DL 83/2012)",
+    "RF18-Altro",
+    "RF19-Regime forfettario (art.1, c.54-89, L. 190/2014)"
+]
+
+tax_exemption_reasons = [
+    "N1-Escluse ex art. 15",
+    "N2-Non Soggette",
+    "N3-Non Imponibili",
+    "N4-Esenti",
+    "N5-Regime del margine / IVA non esposta in fattura",
+    "N6-Inversione Contabile",
+    "N7-IVA assolta in altro stato UE"
+]
diff --git a/erpnext/regional/italy/setup.py b/erpnext/regional/italy/setup.py
new file mode 100644
index 0000000000..1931fdc581
--- /dev/null
+++ b/erpnext/regional/italy/setup.py
@@ -0,0 +1,37 @@
+# Copyright (c) 2015, Frappe Technologies Pvt. Ltd. and Contributors
+# License: GNU General Public License v3. See license.txt
+# coding=utf-8
+
+from __future__ import unicode_literals
+
+import frappe
+from frappe.custom.doctype.custom_field.custom_field import create_custom_fields
+from erpnext.regional.italy import fiscal_regimes, tax_exemption_reasons
+
+def setup(company=None, patch=True):
+	make_custom_fields()
+
+def make_custom_fields(update=True):
+    fiscal_code_field = dict(fieldname='fiscal_code', label='Fiscal Code', fieldtype='Data', insert_after='tax_id', print_hide=1)
+    custom_fields = {
+        'Company': [
+            fiscal_code_field,
+            dict(fieldname='fiscal_regime', label='Fiscal Regime',
+			    fieldtype='Select', insert_after='fiscal_code', print_hide=1,                
+                options="\n".join(map(lambda x: x.decode('utf-8'), fiscal_regimes)))
+        ],
+        'Customer': [
+            fiscal_code_field,
+            dict(fieldname='recipient_code', label='Recipient Code',
+                fieldtype='Data', insert_after='fiscal_code', print_hide=1, default="0000000"),
+            dict(fieldname='pec', label='Recipient PEC',
+                fieldtype='Data', insert_after='fiscal_code', print_hide=1)
+        ],
+        'Sales Taxes and Charges': [
+            dict(fieldname='tax_exemption_reason', label='Tax Exemption Reason',
+		    fieldtype='Select', insert_after='included_in_print_rate', print_hide=1,
+            options="\n".join(map(lambda x: x.decode('utf-8'), tax_exemption_reasons)))
+        ]
+    }
+
+    create_custom_fields(custom_fields, ignore_validate = frappe.flags.in_patch, update=update)