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.
Do you know how the tax schemes on foreign income are applied in Italy for expats, families, academics and High Net Worth Individuals?
The Italian Expat Tax Regime grants a 50% exemption on the Italian employment income of expats for 5 years. Move To Dolce Vita's experts will assist you in the application for this exemption. Other sources of income worldwide are taxed as if they were earned in Italy.
For academics and researchers a Special Regime is available, which grants a 90% exemption on their Italian employment income up to 13 years depending on the family size. Other sources of income are taxed as usual.
For High Net Worth Individuals a Special Regime is available which grants an annual lump sum of €100,000 on foreign-sourced income (€25,000 per family member) and no wealth, gift and inheritance taxes on foreign assets for up to 15 years.
For foreign pensioners, a flat tax rate of 7% applies on all foreign income for up to 10 years, with no wealth taxes on foreign assets.
If you are planning to move to Italy to enjoy the Italian dolce vita and you would like to know how to make the most of your income and how to pay less taxes in Italy, Move To Dolce Vita is your best choice. We will guide you through the main tax schemes for expats in Italy and we will help you to apply for the one that best suits your needs.
