Italy is experiencing a significant influx of wealthy individuals establishing residency, driven largely by a flat tax regime first introduced in 2017. This policy allows new residents to pay a fixed annual amount of €200,000 on all foreign-sourced income, a compelling alternative to the country’s standard progressive tax rates. While this trend is visible across Italy, Milan has become the primary hub, attracting high-net-worth individuals who are investing in centrally-located, luxury real estate. The success of this new tax regime has the Italian government considering an increase in the annual flat tax amount, to further increase Italy’s tax revenues.
👉 Read the full story on The Wall Street Journal
If you’re considering a move to Italy, this could be a game-changer. You may also be interested in our other posts on Italian living and real estate:
- Buy Property in Lombardy
- Best Places to Live in Italy for Family
- Understanding the Role of an Italian Notaio
