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Who can benefit? Individuals moving their tax residence to Italy and earning income abroad.
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Key Benefit: A flat tax of €100,000 annually replaces standard income taxes on foreign income. (Increases to €200,000 for relocations after August 10, 2024.)
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Extendable to Family: Eligible family members can opt in for €25,000 per year per person.
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Duration: The regime lasts up to 15 years.
How to Apply:
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Declare in your tax return for the year of relocation or the following year.
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Optionally request confirmation of eligibility from the tax authority.
Eligibility Requirements:
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Not a resident of Italy for at least 9 of the last 10 years.
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Must provide personal details, tax history, and supporting documents.
Why Italy?
Many see Italy as desirable from a lifestyle perspective, offering a mix of culture, natural beauty, and culinary excellence.
From a tax perspective, the appeal lies in Italy’s Lump Sum Tax Regime, introduced in 2016. This regime simplifies taxation for foreign income, allowing retirees and other new residents to enjoy a more predictable and favorable tax environment.
Interested to purchase or rent property on lake Como Italy?
Call or text Best Como +393382616725 (Pietro Bianchini, English-speaking realtor) or email: pietro@bestcomo.com
Best Como Immobiliare - local real estate expert
Take a look at this ready-to-move-in property for sale in Cernobbio.
