The Italian Tax & Lifestyle Report shines a spotlight on a country where an unrivalled lifestyle can now be enjoyed with the financial benefits of the country’s flat tax law, which was introduced in 2017. The report comprises information on both:
New flat tax rule
- Our starting point is to explain what the new flat tax rule is and assess any additional costs to you.
- In order to benefit from this, you need to qualify. This means you need to be an ordinary tax resident under ordinary tax rules and have accommodation in Italy.
- Can you apply? There’s one condition you have to meet: you must not have lived in Italy for the past nine out of 10 years but it’s open to all nationalities— even Italian expats.
- Finally, we take a look at the difference between residency, domicile and citizen. Which category do you fall into? The report breaks it down in detail and explains these terms simply.
Italian Lifestyle Monitor
- In terms of lifestyle, Rome comes out on top, occupying first and second place for most of the categories.
- We assess wealth distribution in prime destinations using data from the GlobalData Wealth Insight. Milan comes out on top.
- In terms history and culture, we rank cities according theatres, museum and galleries. Florence tops the bill.
- Sailing and skiing are among the top pursuits for the wealthy. Using data from Superyacht Intelligence we rank Genoa in first place thanks to its six marinas and over 2,500 berths.