Retirees Regime in Italy: A Tax Haven for Foreign Retirees

How to Transfer Your Residence to a Southern Italian Region and Enjoy Tax Benefits as a Foreign Retiree with Italy's Retirees Regime

Are you a foreign retiree looking for a tax haven? Look no further than the Retirees Regime in Italy! This favorable tax scheme is aimed at foreign retirees who transfer their residence to a Southern Italian Region, and it offers some amazing benefits.

One of the most significant benefits of the Retirees Regime is the possibility of taxing all income produced abroad through the payment of a proportional tax equal to just 7%. This low tax rate is highly attractive to foreign retirees who want to make the most of their retirement income.

But that's not all! The Retirees Regime also provides an exemption from the tax on the value of real estate abroad (IVIE), from the tax on the value of financial assets abroad (IVAFE), and from tax monitoring obligations (RW Form). This means that foreign retirees who move to Italy can enjoy all the benefits of their foreign investments without worrying about hefty taxes.

To be eligible for the Retirees Regime, the applicant must meet two conditions: they must not have been an Italian tax resident in the last five years, and they must transfer their tax residence to an Italian Municipality with less than 20,000 inhabitants, located in a Southern Italian Region. This includes regions like Sicily, Calabria, Sardinia, Campania, Basilicata, Abruzzo, Molise, and Puglia.

Applying for the Retirees Regime is easy! It can be done by exercising an option in the Italian tax return for the tax period in which the applicant transferred their tax residence to the South of Italy. However, it's advisable to seek the assistance of qualified professionals to ensure that you're entitled to all the incentives and benefits that come with the Retirees Regime.

Once approved, the Retirees Regime lasts for a maximum of ten years, with no possibility of renewal. However, it can always be revoked in case of non-payment or insufficient payment within the terms of the tax.

It's important to note that there are no tax benefits or advantages for the family members of the subject who benefits from the retiree's regime.

In conclusion, the Retirees Regime in Italy is an excellent option for foreign retirees looking for a tax haven. With its low tax rates and exemptions, it's an attractive option for those who want to make the most of their retirement income. So, what are you waiting for? Consider Italy as your new home and take advantage of the Retiree's Regime today!


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