Italian
Taxation Advice
Italy has become one of the most popular destinations for British expats looking to combine an attractive lifestyle with the benefits of a low tax environment. It continues to attract high net worth individuals and also those that are simply looking to make the most of their pension income.
Our team of tax specialists can help you find solutions for your personal and company tax requirements.
Speak with one of our specialists for a free consultation and take the first step towards optimising your own tax situation.
This regime allows qualifying taxpayers to elect to pay an annual EUR 200,000 lump sum tax for all non-Italian source income, instead of standard income taxation.
This regime allows qualifying applicants to have no further income tax disbursement, dividends from foreign companies and partnerships, income from crypto-assets held through foreign intermediaries, income distributions from foreign trusts and foundations, carried interest income paid by foreign entities, income from incentive plans accrued abroad, income from foreign investment funds and other financial instruments, income from non-Italian situs real estate properties.
Lump Sum Tax Regime
Some expats may prefer to utilise the tax incentive for foreign pensioners moving to Italy.
This is a tax regime for individuals who are in receipt of an overseas pension income and who transfer their tax residence to certain municipalities in central and southern Italy with a population not exceeding 20,000 inhabitants.
The regime allows taxpayers to opt to pay a personal income tax at a rate of 7% on their overseas pension income.
Additional benefits include exemptions from wealth tax on non-Italian assets and foreign asset disclosure.
Foreign Pension
Tax Regime
For those with high qualification or specialisation requirements (a bachelor's degree is sufficient for these purposes) who intend to carry out an employed or self-employed activity within Italy, it is possible to benefit from a 50% exemption on Italian-source income for five years, subject to an annual EUR 600,000 gross income cap.