Special tax regimes in Italy for individuals

Italian tax resident individuals holding non-qualified stakes in companies resident outside of Italy can receive dividends during the tax year, which are taxed at a flat rate of 26%. Such profits are reported in Box RM12 – Section V gross of foreign taxes incurred in the source country (if the profit is received through a financial intermediary not resident in Italy) or net of foreign taxes (where the dividend is collected through an Italian bank)….

Italian employees hired by foreign companies with a local contract must carefully evaluate the social security obligations which vary according to the country where the employee is hired. In such circumstances, a distinction must be made between: EU countries, countries adopting EU legislation via specific agreements with the European Union countries with which Italy has entered into full Totalization Agreements: the employee is required to pay contributions in the host country as per the local…

Article 24-bis of the Italian tax code (Tuir) allows individuals with large estates (so-called High Net Worth Individuals) who transfer their residence to Italy, to access the flat tax regime of 100,000 Euro, with an exemption from the tax monitoring obligations (FormRW) and from payment of IVIE / IVAFE (estate taxes on assets held outside of Italy), as well as an exemption from inheritance & gift tax. A condition required in order to access the…

Sono diversi anni che l’Italia rappresenta oramai un Paese volto all’attrazione di talenti in diversi settori e gli incentivi fiscali a disposizione delle persone fisiche rappresentano una forte motivazione al rientro in Italia: regime speciale per lavoratori impatriati: consente una detassazione del 70% (o del 90% per il Sud Italia) a beneficio di lavoratori dipendenti e lavoratori autonomi con Partita IVA; regime dei ricercatori: consente una detassazione del 90% a beneficio di lavoratori dipendenti e…

L’articolo 24-bis del Tuir consente alle persone fisiche titolari di grandi patrimoni (c.d. High Net Worth Individuals), i quali trasferiscono la propria residenza in Italia, di accedere al regime di tassazione piatta (c.d. Flat Tax) di 100.000 Euro, con conseguente esonero dagli obblighi di monitoraggio fiscale (compilazione del Quadro RW) e di pagamento dell’IVIE/IVAFE (imposte patrimoniali sugli asset detenuti all’estero), nonché esenzione dall’imposta di successione e donazione. Una delle condizioni da rispettare ai fini dell’accesso…

Come noto, la Circolare n. 28/E del 30 dicembre 2020 dell’Agenzia delle Entrate ha confermato la fruibilità del regime agevolato per lavoratori impatriati di cui all’art. 16 del D.Lgs. n. 147/2015 e ss. mm. (c.d. “Decreto internazionalizzazione”) per i lavoratori che trasferiscono in Italia la propria residenza fiscale in Italia ai sensi dell’art. 2, comma 2 del Tuir e che si trovano alle dipendenze di un datore di lavoro estero. Tale fattispecie comporta da un…

Impatriates who transferred their tax residency in Italy as of January 1, 2020 need to prove their Employer by the end of December 2020 that they are entitled to 70% exemption applicable to the employment income produced in Italy by inbound workers who were not resident in Italy during the two years prior to the transfer in Italy and who are committed to remain in Italy for at least two years. Impatriates who are still uncertain…

The Italian social security authority (INPS) has released some clarifications in relation to the exit of the United Kingdom from the European Union (so-called Brexit). In this regard, INPS specifies that a transition period has been established, from 1 February 2020 to 31 December 2020, during which EU Regulations on social security still apply to the United Kingdom, including Regulation n. 883/2004 and Regulation n. 987/2009. In particular, the interim period until 31 December 2020…

L’INPS, con Circolare n. 16 del 4 febbraio 2020, ha reso noti alcuni chiarimenti in relazione al recesso del Regno Unito dall’Unione Europea (c.d. Brexit). A riguardo, l’Istituto precisa che è stato stabilito un periodo di transizione, dal 1° febbraio 2020 al 31 dicembre 2020, durante il quale il diritto dell’Unione in materia di sicurezza sociale continua ad applicarsi al Regno Unito, incluse le disposizioni del Regolamento n. 883/2004 e del Regolamento di applicazione n….

Starting from January 1, 2020, all high net worth individuals who left Italy during FY2011 qualifying as non Italian tax residents may access the flat tax regime provided for new residents with the payment of 100.000 Euro flat tax. The flat tax exempts the income produced outside of Italy from Italian taxes and waives new residents from tax monitoring obligations (RW Form), from the payment of the IVIE (wealth tax on real estate), IVAFE (wealth…