Change in Italy Impatriate Regime from 2024

[MRot]

-70/90% tax reduction will become 50% reduction only
-Minimum stay required of 5 years (previous 2 years)
-Maximum income of 600k/year
-Must be a highly qualified professional (?)

https://www.ilcommercialistaonline.it/regime-impatriati-2024/

 

[MrBurns]

It boggles the mind, why would anybody submit oneself to such a tax regime? Or even think about relying on countries that change their regimes every Sunday?

 

[manukahoney]

Any changes to a "flat tax" regime?

 

[bibing]

MrBurns said:
It boggles the mind, why would anybody submit oneself to such a tax regime? Or even think about relying on countries that change their regimes every Sunday?
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Exactly, don't even know why Italy is mentioned here if not for their crazy taxes and collapsing pension scam, ops, scheme

 

[JohnnyDoe]

manukahoney said:
Any changes to a "flat tax" regime?
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No

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[Konstanz]

MRot said:
-70/90% tax reduction will become 50% reduction only
-Minimum stay required of 5 years (previous 2 years)
-Maximum income of 600k/year
-Must be a highly qualified professional (?)

https://www.ilcommercialistaonline.it/regime-impatriati-2024/
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That's why I don't like such "regimes".
Government change it overnight.
The same with Portugal HNWI program.
Even Swiss lump sum changed

 

[JohnnyDoe]

You can't trust any government. Use the law while it's convenient to you, and when something changes switch to another law/country and take advantage of it. Nothing is permanent in this world.

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[Konstanz]

JohnnyDoe said:
You can't trust any government. Use the law while it's convenient to you, and when something changes switch to another law/country and take advantage of it. Nothing is permanent in this world.
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Not easy to switch if you invest in the country.
Build you life. You cannot always stay on the go.
It's better to choose whom you can trust...

 

[saintjohnny]

Doesn't change anything. It's not that this had any legal certainty to begin with... you couldn't even get an advanced ruling ensuring your status, so they can basically do whatever they want once you're on the hook.

Go to countries where the rule of law is respected.

 

[Anonymous1234]

Konstanz said:
Not easy to switch if you invest in the country.
Build you life. You cannot always stay on the go.
It's better to choose whom you can trust...
Click to expand...

Can you give examples of countries that one should choose? Or a list? Thanks

saintjohnny said:
Doesn't change anything. It's not that this had any legal certainty to begin with... you couldn't even get an advanced ruling ensuring your status, so they can basically do whatever they want once you're on the hook.

Go to countries where the rule of law is respected.
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do you have better examples of countries which gives advance rulling?

 

[Alonzo]

Konstanz said:
Even Swiss lump sum changed
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Recently? What did they change?

 

[saintjohnny]

A1988 said:
do you have better examples of countries which gives advance rulling?
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Portugal with NHR but they're ending it soon.

 

[Anonymous1234]

saintjohnny said:
Portugal with NHR but they're ending it soon.
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what if someone opts this year? They can have it for the next 10 years right? Or it ends for everyone from next year?

 

[Alonzo]

A1988 said:
what if someone opts this year?
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The program is still available till 2024

A1988 said:
They can have it for the next 10 years right?
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Yes. they will be grandfathered for the next 10 years. And the people already in the program will still benefit from the regime until their 10 year term ends.

 

[Anonymous1234]

Alonzo said:
The program is still available till 2024

Yes. they will be grandfathered for the next 10 years. And the people already in the program will still benefit from the regime until their 10 year term ends.
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thanks for the clarification

 

[Konstanz]

A1988 said:
Can you give examples of countries that one should choose? Or a list? Thanks


do you have better examples of countries which gives advance rulling?
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Unfortunately, not so many to choose from...
Some islands in Caribbean, Monaco

All other options are temporary programs or lump sums or so called territorial tax countries