The year 2026 represents the final opportunity to elect the €100,000 substitute tax regime available to individuals qualifying under the Italian New Residents regime. This applies to individuals who transferred their tax residence to Italy at the beginning of 2024 and intend to opt for the €100,000 flat tax (the substitute tax regime applicable to high-net-worth individuals), as well as the additional €25,000 substitute tax applicable to each qualifying family member. The election must be…