Impatriates: extension of the option for the favorable tax regime

Commenti disabilitati su Impatriates: extension of the option for the favorable tax regime 91

April 3, 2017

The Italian tax authority released a Provision on 31 March 2017, extending the deadline for employees who have transferred their residence to Italy by 31 December 2015 in order to access to the special tax regime provided by Legislative Decree no. 147/2015.

The employees may opt until 2 May 2017 for the facilitated measure that provides a 30% reduction of the taxable basis (year 2016) and 50% reduction (year 2017) for the next three years.

In order to benefit from the tax reduction for the year 2016, the employees will have to choose the option upon submission of the tax return, while workers who wish to exercise the option for 2017 must file a written request to the Employer.

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