Italian super reduced flat tax for foreign pensioners (retired people).
Italian super reduced flat tax for foreign pensioners (retired people).
Key Takeaways
- Reduced flat rate for pensioners
On 29-12-2017, the Italian Parliament passed the 205 Act (the Budget Law for the year 2018) which established the super reduced flat tax of 7% for foreign pensioners and for Italian pensioners with a foreign income or allowance. ( including double citizenship).
The eligibility criteria are as follows :
The pension should be generated in a foreign country either under a state/public scheme or a private scheme.
The pensioner should establish his or her permanent address (domicile) in Italy. In practical terms this means that the pensioner should spend in Italy at least 183 days for each fiscal period/year.
The Italian town where the pensioner establishes his or permanent address should be placed in one of the following southern regions of Italy ( Puglia, Sicilia, Calabria, Sardinia, Molise, Basilica) and the town population shall not exceed 20.000 inhabitants.
The duration of this reduced tax flat of 7% was initially established in 5 years, then until 2023 but shortly after it was prolonged to 9 years so ending in 2028.
If you need further information about the procedure to be followed or to be assisted in lodging the request or the subsequent residence permit, do not hesitate to contact me to the following email : [email protected] .
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About European Lawyer
I am a Spanish, Italian and English speaking lawyer with offices in Belfast, Valencia and Rome. I have experience in buying and selling property in both Spain and Italy. I also offer guidance for the relocation or inheritance procedure of British citizens abroad. I have over 15 years experience working with clients from around the globe - helping to solve their legal problems in systems that were foreign to them.
Augusto Scerrato
I am fully qualified practising solicitor in Spain ( abogado) and Italy (avvocato) and I am a qualified solicitor in Northern Ireland and in Scotland. Law is not only my craft but also my vocation. Originating from the same Italian region of Cicero and the first law makers, I feel the responsability of contributing with my everyday work to make the law more logical and practical. I am committed to resolve the client's problems combining knowledge and experience in different areas and across different jurisdictions.