Newsletter Chiomenti n. 2/2017: The new Italian resident regime
Article 1(152) through (159) of the 2017 Budget Law introduced a favourable and optional regime (hereinafter, the “Regime”) for individuals wishing to move their tax residence to Italy.
The 2017 Budget Law entered into force on 1st January 2017. The new tax Regime represents a more convenient regime than the ordinary one applicable to Italian resident high net-worth individuals.
In particular, the Regime provides for a privileged taxation, derogating to the ordinary Italian personal income tax regime (“IRPEF”) related to the determination of Italian resident individuals’ worldwide income.
On 23rd May 2017, the Italian tax authority released the Circular Letter No. 17/E (hereinafter, the “Circular Letter”) on several interpretive issues concerning the Regime.
Here you can downoald a brief summary of the main issues addressed and clarified by the Circular Letter.
Downolad the Newsletter here beside