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Italy's 4 Secret Tax Regimes for Foreigners Revealed · IMI Podcasts

• 0:00
  SPEAKER_00: How many special tax regimes Italy has for foreigners who move to the country?
• 0:05
  SPEAKER_00: The answer is well, mainly four.
• 0:08
  SPEAKER_00: Two that target foreign income and two that target Italian income.
• 0:11
  SPEAKER_00: The ones that target foreign income are the very famous 200k flat tax for newcomers and the less known but very favorable special tax regime, 7% on all foreign income for pensioners that relocate to Italy in the south of Italy.
• 0:28
  SPEAKER_00: Regarding instead the ones that target Italian income, we have the regime Impatriati, which is the impatriot regime, and targets the income from work produced in Italy, either employed or self-employed income, and the very special, very niche tax regime for professors and researchers that relocate to Italy.
• 0:51
  SPEAKER_00: And these people will have a 90% tax deduction on their income produced in Italy.
• 0:57
  SPEAKER_00: Italy is proposing a link the application so the eligibility of the 200k flat tax to investment in the country.
• 1:05
  SPEAKER_00: For now, they're just proposals, so there is nothing official yet.
• 1:08
  SPEAKER_00: The possibilities that have been coming out is like investing in companies, investing in government bonds or special vehicles in Italy.
• 1:17
  SPEAKER_00: Eventually, in my personal opinion, they will not be because it would be a way to denature the meaning of the 200k flat tax, because the 200k flat tax uh shields the foreign income, not the income produced in Italy.
• 1:31
  SPEAKER_00: And if I invest in Italy and I put some money into the Italian economy, then it will be taxed at normal Italian tax rates.
• 1:38
  SPEAKER_00: What is needed is an assessment on where your income comes from, what are your assets, in which country they are situated, and we see how to optimize the taxation in Italy.
• 1:51
  SPEAKER_00: Mainly, if you are a worker in Italy, uh if you decided to come to Italy to work in Italy, we'll apply for the regime in Patriati, just the general rule.
• 2:00
  SPEAKER_00: If you mainly your assets and your income come from abroad, then you need to look into the first two options the 200k flat tax or the 7% flat tax for pensioners.