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Moving to Italy?
​
​Check this tax benefit

After the enormous success of the 2015 tax reduction scheme for expats, in 2019 the Italian government decided to extend and boost it with a new great offer for new residents starting from 2020. Up to 90% tax break on your income!

Who can qualify?

The tax credit is available for individuals who:
  1. Were not Italian tax residents for the last 2 tax years;
  2. Will stay in Italy for at least two tax years​
There is no requirement for college degrees nor to have a high skills profile!

Employees must meet the following criteria

  1. Be resident abroad in the previous 2 tax years
  2. Stay in Italy for two tax years

If you have a college degree you do not need to stay in Italy  for two years
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Self employed individuals must meet the following criteria:

  1. Setup a partita IVA in Italy;
  2. ​Be resident abroad in the previous 2 tax years
  3. Stay in Italy for two tax years
​
​This also works for new businesses in Italy, such as Airbnb, startups, and any other business activities.

How does it work?

Taxable income is reduced by 70% for 5 years.​

Normally, if your taxable income is € 70,000.00 then your tax bill would be around € 23,500.00
But the tax credit allows you to pay taxes on just 30% of your taxable income, so your taxable income becomes € 21,000.00, and the tax payable is reduced to € 7,000.00.

Moving to the South?

If you move to the South of Italy in a qualifying region (Abruzzo, Molise, Apulia, Basilicata, Campania, Calabria, Sicily or Sardinia) you will only be taxed on 10% of your income​.

Possible extension to 10 years

Should you purchase any residential property or claim a family dependant the regime is extended for further 5 years, meaning that you can benefit of this regime for 10 years.

How can we help you?

  • Assessing if you qualify for the tax benefit;
  • Providing support for the Migration process;
  • Help you obtaining the required VISA
  • Applying for the tax credit;
  • Refunding any tax paid in excess during the previous years.

Do you want to stay updated with the latest Italian tax developments? Like our Facebook page!

​

Corporate

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EU VAT
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Self Assessment
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New Residents regime
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​Retire to Italy
Partita IVA setup

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Outsource
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  • Corporate
    • Business Incorporation >
      • Registered Business and Corporate Secretarial
      • Offshore Solutions
      • Certificate of Good Standing
      • Internationalization
    • Corporate Tax Services
    • EU VAT
    • Escrow
    • Data Protection
    • Corporate Restructuring
    • Generational Handover
    • Trademark Registration
  • Advisory
    • Business Plan & Startup Service
    • Mergers & Acquisitions >
      • Investing in Europe & Globally
      • Business Valuation
    • Forensics Accounting >
      • Derivatives and Complex Financial Calculations
    • Risk Assessment & Risk Advisory
    • Expert Witness & Litigations Support
    • Web Analysis & Web Optimization
  • Outsource
    • Bookkeeping
    • Payroll
    • Managerial Accounting
    • Social-Environmental Performance
    • Integrated Reporting
  • Individuals
    • Self assessment
    • Personal Tax Planning
    • Property Tax and Estate Planning
    • Inheritance Estate and Taxes
    • Wealth Protection
    • Trustee Services
  • Expat Desk
    • New Residents Tax Regime
    • Immigration
    • Flat tax Italy
    • Airbnb
    • Retire to Italy
  • Blog
  • Contacts