Property News · June 30, 2019

Italy woos wealthy global investors with resident scheme that caps tax on global income at €100,000, abandons property ownership requirement


Italy’s new residency programme designed to attract wealthy foreign investors without exposing them to progressive income tax on global earnings is expected to draw an increasing number of applications this year, as awareness of the scheme, and the benefits of owning or renting central European property become more widely known, according to experts. The New Resident Regime, unveiled by Rome in 2017, charges an annual flat tax of €100,000 (US$114,000) on worldwide income, plus an additional …

Source : South China Morning Post
Read more…Italy woos wealthy global investors with resident scheme that caps tax on global income at €100,000, abandons property ownership requirement

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