The Italian Treasury has confirmed the introduction of a flat tax rate for the super-rich looking to live in Italy.
The income revenue authority has now made it possible for foreigners to move to Italy and pay a flat tax rate of only €100,000 on all income made abroad, and a further €25,000 for every family member who also wants to register their fiscal address in Italy.
To access to these credit facilities it is necessary to have certain requirements:
-It’s valid for individuals who have not been resident in Italy for at least nine of the previous ten years,
-The measure shall be applied only on incomes obtained abroad,
-It’s necessary to pay in a single instalment.
The scope of Flat Tax is to attract High net Worth individuals that can enrich Italy with financial and industrial projects, creating jobs and to turn back doctors and researchers who have moved abroad.
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