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🇮🇹 Italy has just doubled its flat tax for wealthy foreigners from €100,000 to €200,000 per year. Here's what you need to know: • Despite the increase, Italy’s flat tax remains a strong option for those looking to shield their international income from heavy taxation. • The influx of wealthy individuals has driven up luxury real estate prices, especially in cities like Milan. • The tax regime’s popularity continues to grow, although its impact on investment in Italy hasn’t been formally assessed. If you're reconsidering your options, there are still ways to optimize your tax strategy. At Nomad Capitalist, we offer a comprehensive approach to help you navigate these changes, ensuring you keep more of your money while maximizing your freedom. Interested in learning more? Reach out to us today 🔗 Nomadcapitalist.com/apply #Italy #Tax #Wealth #Taxes #Europe #EU #Citizenship #Residency

#Italy has doubled the flat tax on foreign income for wealthy new residents who have been flocking here to take advantage of it. The €100,000 a year payment — which exempts people moving to the country from taxes on overseas earnings, gifts, and inheritance for 15yrs — will rise to €200,000. The previous €100,000 tax incentive was popular w/wealthy individuals but controversial among Italians, particularly in Milan, the business capital. The recent influx of the super-rich has been blamed for significantly increasing real estate prices and living costs. The increaed flat tax for the billionaires is still set at a level that would remain interesting to wealthy foreigners, FinMin Giorgetti said.  Source: Bloomberg, HolgerZ

Italy plans to double the flat tax for high-net-worth individuals relocating to the country, increasing it from €100,000 to €200,000 annually on foreign income. This change will only affect new residents and lacks a confirmed start date. The current tax regime, introduced in 2017 to attract wealthy individuals, is seen as stable despite the hike. The decision aligns with Italy's stance against creating tax havens. Globally, there's growing discussion on a wealth tax for billionaires, but implementation could take years. #WealthTax #TaxPolicy #HighNetWorth #GlobalTax

🇮🇹 Italy’s Flat Tax: Still a Viable Option for High Net Worth Individuals Despite Increase In today’s Financial Times article, I contributed with some reflections on Italy’s ability to attract wealthy individuals, even following the increase of the flat tax on foreign income to €200,000 annually. While this change may raise concerns for some, for multimillionaires with substantial foreign incomes, the increase does not seem to be a deterrent. As I noted, the individuals who plan to relocate after 2025 have not revised their decisions. The broader political implications of the adjustment may cause uncertainty for some. However, the regime's stability, along with the decision to grandfather in existing participants with the original €100,000 flat tax, has helped maintain a sense of continuity for those considering Italy as an option. It remains important to watch how this policy evolves, particularly in the context of ongoing changes in tax regimes across Europe, including the potential abolition of the UK's 🇬🇧 “non-dom” regime and the political shifts in France 🇫🇷 . #Tax #Italy #WealthManagement #HighNetWorth #FlatTax #InternationalTax #Relocation #FinancialPlanning Silvia Sciorilli Borrelli Emma Agyemang Amy Kazmin

Italian flat tax change. "The move underscores a broader European trend of tightening fiscal policies while trying to attract foreign investment. Despite the increase, Italy is likely to remain appealing to ultra-high-net-worth individuals (UHNWIs), who value the country's lifestyle, security, and culture as much as its tax advantages". Read more on this recent change here: https://lnkd.in/euZnySaF

🌟 Italy Doubles Flat Tax for Wealthy Foreign Residents 🌟 Italy has just doubled its "flat tax" for wealthy individuals transferring their tax residence to the country, raising the cap to €200,000 per year. Initially introduced in 2017 to attract high spenders and boost the economy, this regime is now under the spotlight as the UK prepares to end its non-dom status after April 2025. Economy Minister Giancarlo Giorgetti stated Italy is against competing with other countries to create tax havens. However, many UK-based non-doms are considering relocating to Italy to benefit from this favourable tax structure. #Tax #Italy #Finance #WealthManagement #Economy #Relocation

Would you pay a flat tax of €100,000 ($108,000) p.a. to pay: - zero tax on overseas income - zero tax on overseas capital gains - zero tax on overseas inheritance That's the deal offered in Italy. Introduced in 2017, this tax incentive allows the wealthy to enjoy significant tax savings, while enjoying Italy’s rich culture and stunning countryside. Key details: - Applies to anyone who has not lived in Italy for 9 out of the last 10 years - Covers all income generated outside the country, including inheritance payments and funds brought into Italy from abroad - Family members can also benefit for an additional €25,000 per person annually - Assurances from the Italian government that the tax break will remain for at least 15 years This regime has made Italy a magnet for the wealthy from the US, UK, Europe, Russia, Japan and China. As some countries are targeting the global elite, Italy openly welcomes them. The scheme has seen a surge of interest in high-end Italian villas in Tuscany, Portofino and Florence and has created shortages in elite international schools. I can think of worse places to be based. #familyoffice #italia #tax #italy #ladolcevita

Italy has announced a significant tax increase targeting wealthy foreigners. This new legislation is set to double the existing tax rates, creating a substantial impact on high-net-worth individuals residing in Italy. At ACT London, we understand the implications of such changes and are here to provide expert advice and support to our clients navigating this evolving financial landscape. 🔍 How will this affect your tax obligations? 💼 What are the potential legal ramifications? 📊 How can you best prepare and adapt to these changes? Our team at ACT London is ready to assist you with tailored strategies to ensure your financial interests are safeguarded. Reach out to us today for more information and personalised advice. 👉 Read the full article here: https://lnkd.in/grD5g-yY #ACTLondon #TaxIncrease #WealthManagement #ItalyTax #FinancialPlanning

Italy just doubled its flat tax for new wealthy residents from €100,000 to €200,000, reflecting a broader European trend of stricter fiscal policies. Existing ultra-high-net-worth residents will continue to pay the old rate, while new applicants will pay the increased levy. Despite the hike, Italy's lifestyle, security, and culture continue to make it an attractive destination. With public debt at record levels across several European countries, Italy will not be alone in reviewing its tax rules. The flat tax initiative, aimed at drawing foreign investment and boosting the economy, is estimated to have attracted around 4,000 applicants to date. Curious about how this change could impact you? Dive into our latest article for all the details Knight Frank #Italy #Italianhomes #Italianproperty #Italianrealestate https://lnkd.in/eM3AAYvR