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Flat Tax: an all Italian opportunity to protect your assets

Posted by linda on 21 May 2019
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The demand for luxury real estate throughout Italy is growing, the requests in these years have increased by 30%.

High net worth individuals can consider the possibility of transferring their tax residence to Italy.

With the new 2017 financial statements Law an optional very advantageous tax regime has been introduced that encourages and allows particularly well-off people, through the payment of a “flat tax” for overseas, to transfer tax residence in Italy.

This facilitated regime allows you to pay a flat-rate tax of 100 thousand euros a year, plus 25 thousand euros for each family member who wants to take advantage of the same advantage.

Who is entitled to this flat-rate tax?

It is necessary to have spent nine of the last ten years outside Italy.

To whom is it applied, what is its duration?

The flat-rate tax applies only to income produced abroad that is not subject to any additional tax in Italy and will have a maximum duration of 15 years.

What should be indicated in the application for flat tax benefits?

  • personal data;
  • the Italian fiscal code;
  • the address of residence in Italy;
  • the status of non-resident in Italy for at least 9 years in the last ten years preceding the beginning of the validity of the benefit;
  • the jurisdictions in which you had your last tax residence before the period of validity of the benefit;
  • abroad states or territories for which it does not intend to make use of the application of the substitute tax.

The request can be delivered by hand or sent via PEC (Certified E-Mail) by filling in a checklist.

The Carratelli Real Estate through specialized consultants is able to follow these interested customers in all processes, from the legal part to the part of choice and purchase of their dream home.

For more information contact our specialists: info@carratellire.com

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Flat Tax: an all Italian opportunity to protect your assets
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The demand for luxury real estate throughout Italy is growing, the requests in these years have increased by 30%. High net worth individuals can consider the possibility of transferring their tax residence to Italy.
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