Italy Lump-Sum

[blancmon229]

If you opt for the 100k lump sum in Italy, and in year 1 the profits are 2 million (so it is reasonable to pay the lump sum 100k tax), but in year 2 the profits are 200k , are you still required to pay the full lump sum of 100k in year 2 to the Italian authorities?

 

[backpacker]

blancmon229 said:
If you opt for the 100k lump sum in Italy, and in year 1 the profits are 2 million (so it is reasonable to pay the lump sum 100k tax), but in year 2 the profits are 200k , are you still required to pay the full lump sum of 100k in year 2 to the Italian authorities?
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Of course, it's a flat substitutive tax!
Read first to understand this SUBSTITUTIVE tax -> 100,000 FLAT TAX IN ITALY - Accounting Bolla

Last edited: Aug 16, 2023

 

[blancmon229]

Thank you for the informative article. The aggressive tax office and extremely slow beaurocracy is pushing me toward the cyprus non dom instead.

 

[backpacker]

blancmon229 said:
Thank you for the informative article. The aggressive tax office and extremely slow beaurocracy is pushing me toward the cyprus non dom instead.
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Good decision.
CY is more reliable and, from a tax perspective, cheaper.