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  1. M

    Change in Italy Impatriate Regime from 2024

    -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/
  2. M

    Poland for freelancer tax

    You are right. Though I personally think Italy has some very livable mid-size cities with good attractions for a foreigner, whereas I'm not too sure about Poland. I agree Poland is cheaper in cost of living, especially when comparing the larger cities. And compared to North Italy, taxes are...
  3. M

    Poland for freelancer tax

    Milan is expensive. If you live in Italy and work remote, there are better and much cheaper choices than Milan with a high quality of life. Unless you really are a big city person.
  4. M

    Poland for freelancer tax

    Poland is a bit cheaper, but Italy is definitely not expensive. If you make decent money, that difference in costs means very little. That being said, I do think Poland is a very solid choice if you fall into the 8,5% bracket. Italy is more restrictive, because you need to stay there for at...
  5. M

    Poland for freelancer tax

    Actually the Italian pension body released a clarification this June, that the tax reduction from the Impatriati regime also reduces Social contributions, thereby making an attractive effective rate. https://www.studionatellaebruno.com...ircolare n.,quella individuata ai fini Irpef.
  6. M

    Poland for freelancer tax

    Would the Italy Impatriate scheme perhaps be interesting as Freelancer. The combined tax burden would be about 17% in the North, 5% in the South. At a 200K profit. The main constraint is that you need to stay in the country for a minimum of 2 years, and the tax reduction lasts for a maximum of...
  7. M

    New tax in Bulgaria?

    I don't remember, but it's featured in this video; And they have a smaller one near Bankya.
  8. M

    New tax in Bulgaria?

    No issues with friendliness in Sofia and Plovdiv. What I found offputting was a very car-centric city. Also very noticable that cars are old and loud, and people tend to floor it when driving from a green light. I don't see anything like this in other European countries I have visited. Next to...
  9. M

    Romania - Fiscal changes coming soon - Need Plan B

    Latest news just in. Appears the limit on 30% profitability is not off the table, and a Micro Corporate with a profit margin of >30% will have to pay 16% Corporate Tax rate. https://www.profit.ro/taxe-si-consu...e-cozonacul-scapa-de-acciza-la-zahar-21315079
  10. M

    Romania - Fiscal changes coming soon - Need Plan B

    More news; https://www.profit.ro/taxe-si-consu...pe-facilitati-taiate-ce-va-fi-cu-pfa-21280104
  11. M

    Romania - Fiscal changes coming soon - Need Plan B

    I think I understand better now, reading the following blog; https://start-up.ro/cum-te-pot-afecta-propunerile-de-impozitare-a-pfa-urilor-si-srl-urilor-in-2024/ For freelancers, they plan to uncap the Health contribution (10%). And the Pension Contribution (25%) is now capped at 36x minimum...
  12. M

    Romania - Fiscal changes coming soon - Need Plan B

    I have to say, it's a little bit unclear for me. This blog; https://reinventconsulting.ro/modif...GPgJMWVdDSz49GH-7w9gL35C0a8-3ysQxxjgJNx9-HtecPFAs will pay CASS 10% applied on all taxable income earned ”“ any cap below which no health is due is removed And this news article...
  13. M

    Romania - Fiscal changes coming soon - Need Plan B

    Thanks interesting. I have been reading these documents, however don't fully understand one thing. https://contapp.ro/blog/wp-content/uploads/2023/07/Ordonanta-modificare-cod-fiscal-2023-2024.pdf Looking at Section 84D; nivelul de 36 de salarii minime brute pe ţară, în vigoare la termenul...
  14. M

    Romania - Tax update

    Ignore the bottom part, it is an accident and I cannot remove it.
  15. M

    Romania - Fiscal changes coming soon - Need Plan B

    >If your profit is over 30%, you ll be taxed 16% Where did you find information about this proposal? It would mean for an IT freelancer, the combined tax rate of 16% profit tax + 10% dividends gives a combined taxation of >24% at a near 100% profit margin. >the non-ceiling of social health...
  16. M

    Romania - Tax update

    If you employ yourself in your microcompany. Can you register your rental house as the location of office? >If your profit is over 30%, you ll be taxed 16% Where did you find information about this proposal? It would mean for an IT freelancer, the combined tax rate of 16% profit tax + 10%...
  17. M

    IT freelancer moving to Romania in 2023

    Okay thanks, if just a virtual office is good enough, the tax advantage will more than make up for the costs!
  18. M

    IT freelancer moving to Romania in 2023

    I have read the posts, they are very useful. One small question on the Micro company I am wondering about. Perhaps you can tell if you are able to register your own lease as your office address? (if you are your own employee within the company) Or do you need a virtual office, or even a...
  19. M

    IT freelancer moving to Romania in 2023

    That sounds very problematic. I don't want to have such an uncertainty. PFA sounds like a great option indeed! It seems to me that the SRL would be hardly worth it for me, especially if the extra costs involved are high.
  20. M

    IT freelancer moving to Romania in 2023

    I realise Microcorp tax was lower up until this year. Romania is still best in EU at my income, with no near contestant other than Bulgaria.

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