Tax System

flat tax

The 100.000 €uro italian Flat Tax for Foreigners

What is the flat tax for income produced abroad? Individuals who transfer their residence to Italy can benefit from a substitute tax on income produced abroad, by paying a fixed tax of 100,000 euro for each tax period in which the option is valid, regardless of the amount of income received. On the other hand, …

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Tuscan Dreams and residency in Italy: Responsibilities and Obligations

Is there anyone who has not dreamed of being immersed in the nature of the Tuscan countryside? Being surrounded by art and history in one of Tuscany’s beautiful towns? Ever more frequently, foreigners are deciding to acquire homes and transfer their residency to our region. When thinking about taking up residency in Italy, it is …

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tax benefits italy

Tax Benefits in Italy for foreign investors and workers

The Italian government is encouraging foreigners to move in Italy through several legislative interventions. Since 2015, different governments and different majorities have passed several laws in order to grant fiscal and administrative benefits for foreign investors and workers, who want to live, work, and do business in Italy.  In this article we will explain briefly …

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brexit

Hard Brexit: fiscal consequences if the UK leaves without an agreement

The 31st December 2020 will be the last day of the Brexit transition period according to the latest news. Deal or no-deal, the United Kingdom is going to be out of the European Union and this situation might affect many different fields, as goods and services, border controls, automotive, medicines, fishing, citizenship, etc. At this …

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Taxation of foreign dividens in Italy

Taxation of Foreign Dividends

Dividends represent profits deriving from the possession of a shareholding. This article will analyze the taxation of foreign dividends deriving from participation in a foreign company, received by a non-entrepreneurial natural person (i.e. individual) resident in Italy, or a company based in Italy. Foreign dividends received by individual resident in Italy Dividends received by natural …

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Fiscal requirements for foreigners that live in Italy

Fiscal Requirements for Foreigners Residing in Italy

Many foreigners decide to reside in Italy while still maintaining the source of their earnings (stipends, pensions, rental income, interests, dividends, etc.) and their own investments (properties, bank accounts, financial activities, corporate shares, etc.) abroad. People living in Italy should declare and pay taxes in Italy for all earnings wherever they are produced. In fact, …

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Own a property in Italy

Owning a Property in Italy

Benefit from tax deductions when owning a property in Italy Non-resident foreign citizens in Italy frequently decide to acquire property for personal use in our country, sometimes  for  vacationing  and  sometimes even to create income by renting it out. Often this property needs renovation, maintenance, or energy efficiency upgrading. Therefore, it is important  to  know …

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