Italian tax resident individuals holding non-qualified stakes in companies resident outside of Italy can receive dividends during the tax year, which are taxed at a flat rate of 26%. Such profits are reported in Box RM12 – Section V gross of foreign taxes incurred in the source country (if the profit is received through a financial intermediary not resident in Italy) or net of foreign taxes (where the dividend is collected through an Italian bank)….
Starting from January 1, 2020, all high net worth individuals who left Italy during FY2011 qualifying as non Italian tax residents may access the flat tax regime provided for new residents with the payment of 100.000 Euro flat tax.
The flat tax exempts the income produced outside of Italy from Italian taxes and waives new residents from tax monitoring obligations (RW Form), from the payment of the IVIE (wealth tax on real estate), IVAFE (wealth tax on financial assets), inheritance and donation tax.
The Firm is available to support “new residents” in the following activities:
- preliminary assessment of the requirements in order to access the flat tax regime
- assistance with the checklist to enclose to the Ruling
- preparation and filing of the Ruling with the Italian tax authority
- draft and submission of the tax returns
Feel free to contact us for any further clarification.