The Italian Revenue Agency has introduced a new residents tax regime
Aim: enhance investments in Italy by attracting high-net-worth individuals.
Qualifying persons: individuals who have been non-tax resident in Italy for at least 9 years out of the 10 years preceding their transfer to Italy.
Benefits: high-net-worth individuals transferring their tax residence to Italy are enabled to apply a substitute tax to their foreign income and gains, amounting to 100,000 Euro for each fiscal year. The regime may be extended to family members (€25,000 per member).