4 legal tax regimes in Italy most Americans discover too late. Which one applies to you? Full breakdown below.
Italy has one of the highest income tax rates in Europe. It also has four legal regimes that can bring that number down dramatically depending on who you are and what you do.
Most Americans moving to Italy have never heard of any of them.
Cross-border tax advisor Christian Gulizzi, licensed in the United States, Germany, and Italy, breaks down all four in this clip from Passport to Wealth with Arielle Tucker, CFP®, EA:
The foreign flat tax for high net worth individuals. The 7% flat tax for foreign retirees moving to qualifying areas of southern Italy. The Impatriati regime for workers and researchers arriving from abroad. And the Forfettario regime for small entrepreneurs and freelancers.
Each one applies to a different situation. Most people find out about them after they have already established residency and missed the window to plan around them.
Full episode is live now. Link below.
Subscribe to the Passport to Wealth newsletter for weekly cross-border finance insights for Americans abroad. Link in description.
#americansabroad #movingtoitaly #expattaxes #expatfinance #italyexpat
