OrbitaxOrbitax

Italy Doubling Flat Substitute Tax on Foreign Income for New Individual Residents

|Approved Changes|Italy
Italy

During their meeting held on 7 August 2024, Italy's Council of Ministers approved a decree-law introducing various "urgent fiscal measures". One of the main measures is an increase in the substitute tax on income produced abroad under the flat rate regime for individuals who transfer their tax residence to Italy from EUR 100,000 to EUR 200,000 euros per year. The flat tax rate applies to the f…

Continue Reading