Tax System

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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inheritance taxation

Italy’s Advantageous Policies for Taxing Inheritance

Inheritance taxation in Italy is much more advantageous than in other European countries. In fact, it ranges from 4% to 8% and in many cases is not even applicable. What is the inheritance tax and how does it work in Italy? It is a tax that residents in Italy must pay under certain conditions, that …

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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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Superbonus 110%

Flat Tax for Professionals and Small Businesses

The regime forfettario (flat tax rate scheme) was introduced in 2014 for those with a VAT position or business. Now in 2019, for those already in this system or who will be joining it this year (as a new business or transferring from another accounting regime), there are some new benefits. Under the 2019 budgetary …

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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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The Tuscan Dream: 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 …

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