Tue. Sep 10th, 2024

Italy has doubled the tax for potential foreigners

Natasha Kumar By Natasha Kumar Aug9,2024

Italy has doubled the contribution for potential foreigners

Illustrative photo from Idkrikh dzherel 

The Ministry of Economy and Finance of Italy announced a double increase, up to 200 thousand. Euro, fixed local tax for potential foreigners. The stagnation rate has been increased and is only applicable for new foreigners who move to Italy.

The preferential tax regime for foreigners who become tax residents of Italy has been in place since 2017. Payment of the fixed tax requires the new resident to pay most other taxes, including for income outside the border and for the loss of property. These rules are being extended to the Italians who waited behind the cordon for 9 years and are returning to the Batkivshchyna.

Formally, the fixed taxes are extended to all foreigners, but from the beginning n buv vidomiy yak "tax for dependents" or “fee for football players.” One of the most famous tax payers was Cristiano Ronaldo, who became a tax resident of Italy at the time he played for the Juventus club.

According to Reuters data, from 2017 to 2022, taxes brought 254 million euros to the treasury. In fact, reports Bloomberg, the scheme has been used for over 4 thousand people. According to the Financial Times, the scheme received at least 2,730 multimillionaires to Italy.

In the opinion of the Minister of Economy of Italy, Giancarlo Giorgetti, after the increase in taxes We will add the regime to lose for rich people.

Vlad EU and a number of disorderly organizations have long criticized the Italian and similar Greek taxes for possible people.

"Modes of taxation for possible people “Greece and Italy are facing the greatest harm because they give significant benefits to rich people,” the EU Stewardship Committee says in its testimony. In Italy, they also criticize the attempt to attract rich foreigners with low taxes: according to the critics, this will lead to an increase in the cost of living.

Prepared by: Sergius Daga

Natasha Kumar

By Natasha Kumar

Natasha Kumar has been a reporter on the news desk since 2018. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Times Hub, Natasha Kumar worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my natasha@thetimeshub.in 1-800-268-7116

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