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Tag Archives | tax

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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Banking secrecy for Italian tax residents, is over.

A Swiss tax Information-sharing agreement was signed on Monday Matteo Renzi has tweeted how “billions of euros” can now return to the Italian State, thanks to his signature on an agreement with Swiss authorities on Monday February 23. Italy and Switzerland have now formally agreed to exchange taxpayer information, as is already the case today […]

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