Coronavirus: researchers and scientists returning to Italy taxed on 10% of income

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In this period marked by a real emergency for collective health following the worldwide spread of Covid-19 (so-called “coronavirus“), it is essential to ensure Italy the know-how necessary for scientific research, exploiting the best elements among researchers and scientists currently residing abroad, thus enhancing the return of brains and the search for an effective vaccine.

In particular, multinational companies operating in the biotech, pharmaceutical and scientific research sectors are currently managing the international mobility of personnel sent abroad or there hired with a local contract, planning their return in case of proven needs.

In this regard, the Italian Law has promoted a favorable regime for employees who return to Italy and qualify as researchers, allowing employees and self employed workers to tax only 10% of their income for an extended period of 6 years, provided that they transfer tax residence to Italy from 2020.

For example, a researcher with a salary of 50,000 euros gross will be taxed only on 4,500 euros (net of INPS contributions) instead of 45,000 euros, resulting in significant tax savings.

The period of validity of the tax regime, provided that tax residence in Italy remains, is further increased in the following cases:

  • for teachers and researchers with at least one minor or dependent child, the overall duration is 8 years;
  • for teachers and researchers who become owners of at least one residential property unit in Italy purchased after the transfer to Italy or in the 12 months prior to the transfer, the overall duration is 8 years;
  • for teachers and researchers with at least two underage or dependent children, the overall duration is 11 years;
  • for teachers and researchers with at least three underage or dependent children, the overall duration is 13 years.

Even now, it is appropriate to think about the taxation associated with the return to Italy, allowing scientists and researchers to achieve a higher net salary in compliance with current legislation.

Our Firm is available to carry out an assessment of the various cases, including the drafting of personalized memorandums and Rulings to the Italian tax authority in order to have certainty on the application of the favorable regime either in the payslip or in the tax return.

For any further clarification please contact us.

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