10/18/2023 0 Comments Flat tax rate![]() Taxpayer’s personal data, including Italian tax code ![]() Tax Authorities have confirmed that the flat tax regime option can be done via tax return filing and paying the € 100,000 lump sum tax however, the taxpayer may submit to the Italian Tax Authorities a formal ruling reporting the following information: The flat tax does not apply to any Italian sourced income and on capital gains realised upon the transfer of non-Italian “qualified” shareholdings in the first 5 years after the election. Unlike other HNWI tax regimes in Europe, individuals can remit funds to Italy without any limitation because the lump sum tax already covered income made abroad. Italian tax return with respect to any asset held abroad).Assets reporting and, that is filing the RW reporting form (disclosure form to be attached to the.Wealth tax on foreign real estate and financial activities.The lump sum payment covers any foreign income subject to the flat tax includes:īy opting for the new tax regime, taxpayers are exempt from:ĭonations and Inheritance taxes relating to assets and real estate owned abroad The regime can also be extended to any family member, who will be subject to € 25,000 annual tax instead of € 100,000. New residents opting for this flat-tax regime will pay, instead of ordinary tax rates, a flat-rate tax of € 100,000 per year on all their non-Italian sourced income this option lasts up to 15 years. Derivatives and Complex Financial Calculations.Registered Business and Corporate Secretarial.
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