Taxes & Finance

Taxes, bank accounts, international money transfers: all are critical topics for any expat looking at relocating to Italy. In this section, our Magic Towns Italy experts cover in detail how to make the most of your move to Italy without getting stuck in Italian bureaucracy.

Italy’s Myth of 43% Tax Rate: What is Really Paid

Par Magic Towns Italy

Italy’s Myth of 43% Tax Rate: What is Really Paid

In this article, we debunk the myth of an unbearable Italian tax burden and explain how the tax system actually works for individuals.

The Crucial Difference Between Official and Tax Residency in Italy

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Par Federica Bertoldi

The Crucial Difference Between Official and Tax Residency in Italy

Discover the fiscal intricacies of living in Italy as an expatriate or retiree. Avoid the risks of unintentional tax residency and learn about the distinction between official and tax residency. Dive into the factors that determine tax residency, including the 183-day rule and your center of vital interests.

Foreign Earned Income Exclusion: 3 Tips for US Expats in Italy

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Par Federica Bertoldi

Foreign Earned Income Exclusion: 3 Tips for US Expats in Italy

Explore the “Foreign Earned Income Exclusion” applicable to U.S. citizens living abroad, especially in Italy.

Expats in Italy: How to Get the “Assegno Unico” Child Benefit

Par Luca Falda

Expats in Italy: How to Get the “Assegno Unico” Child Benefit

Explore the ins and outs of Italy’s Universal Child Benefit Scheme (AUU) – eligibility criteria, application process, payment amounts and special considerations.

Italy’s Flat Tax for Holiday Lets: Key Changes

Par Luca Falda

Italy’s Flat Tax for Holiday Lets: Key Changes

Learn how the new provisions in Italy’s 2024 Budget Law impact the “flat tax” scheme for short-term holiday lets.

Urbanisation Fees in Italy: “Oneri di Urbanizzazione” Explained

Par Federica Bertoldi

Urbanisation Fees in Italy: “Oneri di Urbanizzazione” Explained

Explore the intricacies of Italy’s “Oneri di Urbanizzazione” or urbanisation fees, their purpose, calculation process, payment options and applicability in this detailed guide.

Buying in Italy: Bank Account Requirements & IBAN Discrimination

Par Federica Bertoldi

Buying in Italy: Bank Account Requirements & IBAN Discrimination

Learn about IBAN discrimination in Italy and its impact on expats seeking properties.

Italy’s Impatriati Scheme: Penalties for Staying Under 2 Years

Par Federica Bertoldi

Italy’s Impatriati Scheme: Penalties for Staying Under 2 Years

Understand the intricacies and penalties of the “Regime Degli Impatriati” Italian tax scheme for expatriates, with a deep dive into its mandatory two-year residency rule.

Will I Keep My Pension Contributions When Moving to Another EU Country?

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Par Federica Bertoldi

Will I Keep My Pension Contributions When Moving to Another EU Country?

“Understand the complexities of pension rights across the EU with our comprehensive guide aimed at simplifying tax understanding for expats and retirees.”

Italy’s 2024 ‘Regime degli Impatriati’ Changes: 3 Implications for Expats

Par Federica Bertoldi

Italy’s 2024 ‘Regime degli Impatriati’ Changes: 3 Implications for Expats

Explore proposed changes to Italy’s “Regime degli Impatriati” tax scheme that could impact its allure for future expats, from tax benefits reduction to stricter eligibility criteria.

“Regime degli Impatriati”: Italy’s Top Tax Scheme for Working Expats

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Par Federica Bertoldi

“Regime degli Impatriati”: Italy’s Top Tax Scheme for Working Expats

Considering relocating to Italy for work? Learn about the “Regime degli Impatriati” tax scheme, offering expats significant financial benefits and tax reductions of up to 90%.

Caught Taxes: Guide for US Expats in Italy on Filing Penalties

Par Federica Bertoldi

Caught Taxes: Guide for US Expats in Italy on Filing Penalties

Learn about the potential pitfalls US citizens face when filing taxes in Italy and the dire consequences of non-compliance.

Advice on How To Start A Business Or Freelance In Italy

Par Sindi Topi

Advice on How To Start A Business Or Freelance In Italy

Looking to start a business or freelance in Italy? Get essential legal and practical advice to start the first steps into your entrepreneurial journey.

A Simple Guide to Italian Income Tax for Expats and Retirees

Par Federica Bertoldi

A Simple Guide to Italian Income Tax for Expats and Retirees

Discover how Italy’s tax system can work in your favor as an expat or retiree. From personal income tax to property taxes, learn about various schemes and opportunities to reduce your tax burden and enjoy la dolce vita without financial strain.

Farming in Italy: (Just) Quality Produce or a New Life For Expats?

Par Magic Towns Italy

Farming in Italy: (Just) Quality Produce or a New Life For Expats?

Farming in Italy is both a traditional source of quality, affordable produce, and potentially a new life calling for expats moving to Italy.

Understanding The Italian Property Tax “Contributo di Costruzione”

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Par Federica Bertoldi

Understanding The Italian Property Tax “Contributo di Costruzione”

“Unravel complex Italian property taxes and contributions, such as ‘Contributo di Costruzione’ and ‘Oneri di Urbanizzazione’. Learn how these affect new constructions and changes in building uses.”

Italian Bank Accounts for Expats: Wise, Revolut & Traditional Banks

Par Luca Falda

Italian Bank Accounts for Expats: Wise, Revolut & Traditional Banks

Navigating Italian bureaucracy as an expat can be challenging, especially when opening a bank account. Discover how fintech options like Wise and Revolut simplify managing finances in Italy.

Demystifying IMU: Italy’s Annual Property Tax Explained

Par Luca Falda

Demystifying IMU: Italy’s Annual Property Tax Explained

Discover what IMU (Imposta Municipale Propria) is, Italy’s annual property tax, and how it is calculated and paid. Learn about the tax rate, payment structure, and exemptions.

IVIE: The Italian Foreign Property Tax You Needn’t Fear

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Par Federica Bertoldi

IVIE: The Italian Foreign Property Tax You Needn’t Fear

Understand Italy’s tax implications for expats and retirees owning foreign real estate. Learn about the regulations, property types, and tax calculation methods in our comprehensive guide.

Tax On Buying, Building, Selling, Living: The Ultimate Guide On 6 Property Taxes in Italy

Par Federica Bertoldi

Tax On Buying, Building, Selling, Living: The Ultimate Guide On 6 Property Taxes in Italy

Explore our comprehensive guide on property taxes in Italy, covering everything from purchasing to selling, along with key exemptions and relevant tips for expats and retirees.