On March 8, 2017, the Italian Revenue Agency (Agenzia delle Entrate) has issued the flat-tax regime implementing provisions. The law is now fully effective. Guidelines and checklist of requirements are now available.
Individuals who become Italian tax residents can take advantage of a substitute tax regime on their foreign income. Regardless of its amount, foreign income will only be subject to a yearly flat tax of € 100,000. Close family members can also benefit from the favorable tax measures: a flat tax of just € 25,000 – instead of € 100,000 – will be applied to their foreign income. Moreover, opting for the new regime guarantees full exemption from reporting requirements with respect to financial and non-financial assets abroad and from succession duties on assets outside Italy.
To qualify for the option the applicant must not have been resident in Italy for at least nine tax years during the previous 10 years; eligible taxpayers can ask to benefit from the substitute tax regime when filing the tax return; before then, it is possible to submit a preliminary ruling (interpello) to the Italian Revenue Agency.
For further information：New residents regime
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Mazzeschi S.r.l. | Operazione/Progetto finanziato nel quadro del POR FESR Toscana 2014-2020
Il progetto ITACA (ITaly Attract ChinA) è un investimento nei paesi/mercati a lingua cinese, in particolare Taiwan con l’obiettivo di accrescere le quote di mercato dell'azienda. Tramite ITACA la Mazzeschi Srl ha aperto un ufficio a Taiwan con assunzione di personale di lingua cinese, creato un sito internet in lingua cinese e partecipato a fiere e varie attività di promozione a Taiwan.
Mazzeschi S.r.l. | Project co-financed under Tuscany POR FESR 2014-2020
The ITACA project (ITaly Attract ChinA) is a fund to invest in Chinese-speaking countries/markets, in particular Taiwan with the aim of increasing the company's market shares. With the help of ITACA project, Mazzeschi Srl has opened an office in Taiwan and has hired a Chinese-speaking staff, created a Chinese website and participated in fairs and various promotional activities in Taiwan.