New tax amnesty took effect on Sept. 15. The deadline to apply is April 15, 2010. The tax rate on undeclared foreign investments that are reported or repatriated under the amnesty is 5%.
Italian Taxation of Individuals
Italian Government Is Preparing a New Tax Amnesty
By Marco Rossi on
The Italian government is working at a bill which would enact a new tax amnesty. The bill should be introduced to the Parliament as early as next week.
Based on certain anticipations on the contents of the new bill, undeclared foreign earnings that are reported and repatriated would be subject to 10% flat tax. Unreported…
Italy’s Tax Administration Rules on Change of Tax Residency During a Tax Year
By Marco Rossi on
Italy’s Tax Administration rules that an individual who leaves Italy and moves to a foreign country in the second half of the year remains resident in Italy for tax purposes until the last day of the year…