Published on:
March 24, 2024
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Italy's Lucrative Tax Incentives for Expats and Wealthy Families
Thinking of relocating to Italy? Prepare to be pleasantly surprised by the array of enticing tax incentives awaiting you. Italy, renowned for its rich culture, stunning landscapes, and delectable cuisine, also boasts some of Europe's most favorable tax regimes for expatriates.
Here's a brief rundown:
- Italian Expat Tax Regime: Enjoy a 50% exemption on Italian employment income for five years under this scheme. While other incomes, including foreign earnings, are taxed as usual, this regime is perfect for those whose primary income source is employment.
- Special Regime for Professors and Researchers: If you're an academic or researcher, this regime offers a whopping 90% exemption on Italian employment income for up to 13 years, depending on family size. Other incomes are taxed normally.
- Special Regime for High Net Worth Individuals (HNWI): High net worth individuals can benefit from an annual lump sum of €100,000 on foreign-sourced income (€25,000 per family member), along with exemptions from Italian wealth, gift, and inheritance taxes on foreign assets. The regime lasts up to 15 years.
- Pensioners Tax Regime: Retirees with foreign pensions can take advantage of a flat tax rate of 7% on all foreign income for up to 10 years. Additionally, there are no wealth taxes on foreign assets.
Relocating to Italy opens doors to not only cultural immersion but also financial advantages. With Move To Dolce Vita by your side, navigating these tax regimes becomes a breeze. Our experts specialize in assisting expats and families in optimizing their tax situations, ensuring a smooth transition and maximum financial benefit. Make your move to Italy a rewarding one with Move To Dolce Vita!