For firms engaged in international business relations, the COVID-19 emergency is a concern that all must take seriously and a situation to monitor closely. As confirmed cases of the virus across the world continues to rise, the Italian government is giving due consideration to the implementation of robust measures to contain the spread of the disease. Nevertheless, in Italy, business goes on, and BOKS International Italian representative, BLCI, is keen to stress that following only a very brief suspension of operations in a small town in the northern part of the country, the firm is functioning as usual. To this end, BLCI has produced the following advice for UK expatriates on the benefits of Italian flat tax regime.
For UK resident willing to relocate in EU Countries with less burdensome tax regime and to ensure themself the safe of an EU citizenship, Italy grants them (i) access to the special tax regime for pensioners transferring their tax residence to the Southern Regions of Italy paying a flat tax of 7% per year, in lieu of ordinary taxation on all non-Italian sourced income, (ii) alongside the possibility to start the procedure to acquire Italian/EU citizenship by residence. Such benefit also ensures social security and health, far from Coronavirus (Covid-19) risk (notoriously concentrated in a few small towns in northern Italy).
BLCI produced document: Tax-focus-Italian-flat-tax-regime-for-foreign-pensioners
