Italy to Raise Flat Tax for Wealthy New Residents by 50%
Italy is considering a 50% increase to the annual levy on foreign income for wealthy new residents. This tax, currently set at €200,000, exempts individuals from taxes on overseas earnings for 15 years. The proposed increase to €300,000 is part of the country’s 2026 budget plan, which is slated for approval by the cabinet soon.
John Q. Hosedrinker