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Archive | taxes

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Italy incentives: 7% tax rate on pension and foreign income for new tax residents

The retired migrant’s tax concessions program, Italy 2019 Italy has introduced favourable tax policies for those who want to retire in Italy, or move their tax residency to certain parts of Italy (applicable for returning Italians or new residents) The exceptional news about the tax regulation is that it applies to all foreign source income. […]

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Italy’s New Tax Resident regime & Investor Visa

A new favourable taxation option is now available for new residents to Italy, designed to encourage and increase investment. These rules provide for a new fixed-amount substitute tax which new residents with high foreign incomes have the option to pay annually, and which becomes the maximum and only amount of tax they will pay on their […]

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Residents in Italy holding Swiss bank accounts

Italy’s tax authorities have just requested information from Switzerland concerning 10,000 bank customers who reside in Italy These clients deposited a total of 6.7 billion euros in Switzerland, according to an article from Reuters newswires. The police said in a statement this action concerns Italian residents holding 9,953 financial positions in Switzerland. The police declined […]

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Tax and Information sharing is real

Recently within our network of advisers we were made aware of this experience retold by a client. Here are the reprinted words of my adviser colleague in Spain: “This is the first time that I have almost first hand knowledge of full exchange of information between two countries’ tax authorities.  I was having a review […]

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Grexit, Greferendums and the European effect

Recent events in Greece and the effects of now being in arrears with regard to their IMF debt repayment, cannot escape our screens. Now as Greece stumbles toward a referendum this Sunday, many are wondering what could happen next, and what will it all mean? This article is to provide my observations and add to […]

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All thoughts are my own. The information contained here is not personal financial advice tailored to individual needs.