Italian News Headlines 29-04-2025: King Charles III addresses the Italian Parliament in Italian, during his state visit of Italy --- A new discovery at Pompei has uncovered near life-sized frescoes that depict religious practices that were popular in the ancient city before its destruction in AD79 --- Pope Francis has spent a 10th night in hospital having been admitted with pneumonia in both lungs --- The Demoskopika Institute has rated Italy at the top of the European Tourism Reputation Index, above Greece and Spain, for the second year running --- Milan bans smoking in the street from 5th January 2025 --- A museum dedicated to Lord Byron is set to open in a house in Ravenna, where the English poet conducted a love affair with the aristocratic owner's wife --- Via Montenapoleone, in Milan, has overtaken New York's Fifth Avenue, to become the most expensive retail destination in 2024, according to a report be real estate group, Cushman & Wakefield --- Matilde Lorenzi, 19 year old Italian junior ski champion, has died following a crash while training in northern Italy --- Italian doctors in Turin have saved the sight of a baby in a surgical procedure that used 3D technology in a world first

Italian Tax System

Tax

If you are a British Expatriate living in Italy, or you are planning to relocate to Italy from the UK, you will need to assess your tax position.

Italy imposes corporate and personal income tax on its residents on their income. Tax rates are on a sliding scale and range from 23% to 43%. If you’re a foreign resident working in Italy, you’re only taxed on the income earned in Italy.

There are reduced rates of tax and tax exemptions available to certain income earners, although careful and meticulous consideration is required. Tax evasion is a huge issue in Italy and the government is working hard to crack down on this.

Taxation on property is very favourable in Italy compared to many other countries. There are no restrictions on foreign ownership. Real estate has two separate measurements: the transaction value (TV) or the cadastral value (CV). CV is generally much lower than TV.

The UK has a double taxation agreement with Italy so that you do not pay tax on the same income in both countries.

If you plan to move to Italy and work, even if you continue working for a UK-based company, you and your employer may need to pay social security contributions in Italy. These social security contributions would entitle you to certain benefits, such as healthcare, in Italy.

You may also be eligible to claim some additional Italian social security benefits.

As always, seek advice from a lawyer familiar with the Italian taxation system.

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