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Do you have clients considering a move to Italy? Italian government offers tax reductions to foreign pensioners

31st December 2019

MGI World Profile picture of Pierpaolo Vannucci with MGI Vannucci logo and "Retiring to Southern Italy: interesting tax reductions" overlaid

MGI Worldwide accountancy association member, Pierpaolo Vannucci, partner at Lucca-based MGI Vannucci e Associati, based in Lucca, Italy, has published an article in the December/January issue of Tuscany's Grapevine Magazine explaining the tax relief offered by the Italian government to foreign pensioners moving to Southern Italy.

In a bid to attract more residents, the Italian government is offering incentives to foreign retirees with a foreign pension income. If moving to a municipality in the south of the country with a population of less than 20,000, pensioners will qualify for a substitute income tax of 7%. In order to choose a municipality with a population lower than 20,000, foreign pensioners should look at the data on the Italian National Institute of Statistics website (ISTAT)

Find out more about this interesting tax reduction. View the full article HERE.

For more information visit Vannucci & Associati's member profile page or their website, or contact Pierpaolo Vannucci at: vannucci@vannuccieassociati.it

MGI Europe is part of MGI Worldwidea top 20 ranked global accounting network with some 5,400 independent auditors, accountants and tax experts in over 90 countries around the world.

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