The ‘lavoratori impatriati’ – workers relocating to Italy tax relief scheme is intended for employees and freelance workers who transfer their place of residence to Italy.
- Graduates who have worked abroad,
- Students who have obtained an academic qualification abroad,
- Managers and workers with high qualifications and specializations,
- Self -employed
who decide to move to Italy to work, will have employment income or self-employment income for the work pursued in Italy taxed on the 30% only of the total income on which it is charged tax. Taxable income will be reduced to 10% of the total amount if the worker becomes resident in one of the following regions: Abruzzo, Molise, Campania, Apulia, Basilicata, Calabria, Sardinia or Sicily.
For professors and researchers, currently residing abroad, who decide to move to Italy, they can benefit from fiscal iincentives for the income generated in Italy with a taxable income reduced to 5% of the total amount earned.
The scheme may be extended for a further period of 5 years under certain conditions. During the extended period, 50% of the total income on which it is charged tax will be taxable (10% in the case of workers with at least three children under 18 or otherwise dependent).
A tax regime for new residents is also dedicated to high-net-worth individuals moving their tax residence to Italy They are enabled to apply a substitute tax to their foreign income, amounting to €100,000 for each fiscal year, in lieu of the Italian Income Tax.
The EU treats British citizens as third-country nationals under the Schengen Borders Code. This means that, as of January 1st 2021, British citizens are able to travel visa-free for short stays, such as for tourism, for up to 90 days in a rolling 180-day period. This is the standard length of stay that the EU offers to nationals of eligible third countries, in line with existing EU legislation. You will have to meet local immigration and residency rules to remain.
We can help you to plan your tax affairs in UK and in Italy and to organize relocating and being compliant in both countries
For more information, please consult us