Can non-Europeans stay and live in Italy beyond 90 days? Whilst millions of people would love to linger longer in Italy, perhaps to enjoy the best of art and culture to discover anywhere, to escape from a frenzied pace of life, or even wind down a little, then unless you’re married to an Italian, or […]
Italy has introduced 3 major tax-incentive schemes over the last few years, encouraging new residents to come and stay in the ‘Bel paese’. Income tax cuts or tax incentives can clearly be attractive when you are considering moving to a new country. They can make a big difference to your income and so potentially make […]
Recently I was quoted in the Financial Times about the Italian wealth tax on property, and how this tax is rising for UK property owners living in Italy. For those of you interested, in this article I have the luxury of going into a lot more detail. This tax affects not only British people but all […]
Sustainable investing and ESG investing are officially booming. Not only are people becoming increasingly motivated and aware of the need to invest sustainably, but the people who manage our money are too. In the first 2 quarters of 2020 a record $90 billion has flowed into ESG-style funds, reflecting this demand. Many fund managers will […]
Italy has reduced the minimum investment required to obtain a residency visa if you are a non-EU national. The changes were announced in the Italian ‘Decreto Rilancio’ of May 2020, which contains measures designed to stimulate the Italian economy since the onset of Covid19. Previously I’ve written about this Investor Visa, when it first arrived, […]
How do you become resident or even a citizen in Italy? I thought I would provide some summarised information to help new arrivals and British nationals alike. (This is especially relevant for British nationals since Brexit) This is a guide for European citizens within the European Union, including British nationals with transition period-rights while Britain […]
You are unlikely to move to Italy purely for tax advantages. It’s more likely you will have thought deeply about your personal and work future plans, and experienced many emotions about the difficult choices facing your life after brexit. These decisions are of course not to be taken lightly, and are likely to have been […]
As you well know, a stalemate has developed in the UK and recently claimed the scalp of the Prime Minister. What remains to be seen is whether a new leader can find an alternative solution that has sufficient support and which can create unity within the UK parliament and within the wider UK population. Despite […]
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 […]
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 […]
This article could have been called “Tax Disclosure post Voluntary Disclosure..” but maybe that’s just too many disclosures! From time to time I receive enquiries regarding the foreign assets and income of expatriates or new immigrants to Italy. How should these incomes or assets be disclosed to Italian tax authorities? and how will they likely […]
