Articolo pubblicato su FiscoOggi (

Tax Pills

  • The Italian tax regime for new residents Retirees. Set the rules for applying the 7% substitute tax


    The new tax regime for foreign retirees who move their fiscal residence from abroad in the small Municipalities of Southern Italy. Set the rules for applying the 7% substitute tax - Are now available the Italian Revenue Agency's instructions for taxpayers holding foreign pension incomes who transfer their fiscal residence in Italy, in one of the Municipalities belonging to the Regions of Sicily, Calabria, Sardinia, Campania, Basilicata, Abruzzo, Molise and Puglia, with population not exceeding 20 thousand inhabitants, thus benefiting from a substitute tax of 7% to be applied to any category of income produced abroad. The option is valid for 5 years. This provision, introduced with the 2019 Budget Law, is aimed at favoring investments, consumption and settle in the Municipalities of Southern Italy with certain demographic characteristics, by non-resident individual retirees, not only foreigners but also Italians, who receive foreign pension incomes. With today's Decision of the Revenue Agency Director, are defined the methods for exercising and revoking the option, the termination of the effects, the payment of the substitute tax as well as the source of information to identify the Municipalities with the characteristics envisaged by the norm.

    The requirements to exercise the option – In brief, can opt for a 7% flat tax rate applied upon all their non-Italian sourced incomes, individuals having the characteristics required by the law. In particular, in the tax return the taxpayers must report the requirements that give the right to the option: that have not been Italian tax resident for the 5 years preceding the one for which the option is effective; that come from Countries having administrative cooperation agreements in force with Italy; and then, naming the foreign States or territories for which they do not intend to benefit of the new substitute tax; and also the have to indicate the State of residence of the foreign subject that pay their holding pension incomes and other similar remunerations and, finally, the amount of foreign source income to be subject to the substitute tax.

    How to identify the Southern Municipalities in which to transfer the residence - First of all, for the purpose of identifying the resident population in the Municipality in which the pensioners decided to transfer the residence, the data to be considered are those resulting from the “Annual municipal survey of the movement and calculation of the population" published on the site of the National Institute of Statistics (ISTAT) referred to 1 January of the year prior to the first year of validity of the option.

    Termination of the effects and revocation of the option - The option for the new flat tax regime for retirees ceases naturally its effects at the end of the fifth year. Yet taxpayers can also revoke the option, communicating this revocation in the tax return relating to the last tax period of validity of the option itself, without any prejudice to the effects produced in previous fiscal years. At the same time, the option expires if the Italian Tax Administration challenges the lack of the requirements provided by law or in case of omitted or partial payment of the 7% flat tax yearly due within the deadline. Particularly, In cases of revoke due to challenge from Italian Revenue Agency and partial or omitted payment of the flat tax due, a new option cannot be exercised. In general, the possible lapse of this regime always occurs if the requisites required by the law are not met anymore.

    How to pay the tax - For each tax period of effectiveness of the scheme, by the date set for the payment of income taxes due, the individuals who have exercised the option pay in a single solution the substitute tax, calculated at the rate of 7 percent on the income produced abroad.


  • The new 2019 season of the pre-filled tax return has just started with 960 million data. From April 15 is possible to view your own tax return, while from 2 May everyone can send it


    Starting from Monday afternoon, April 15, the pre-filled tax return is online. The 730 precompiled form can then be accepted and/or integrated and sent directly via web to the Revenue Agency starting from 2 May and until 23 July. In addition to the data already available, this year have been reported in the pre-filled tax return also those sent by external bodies, such as doctors' offices, pharmacies, banks, insurance companies, universities and by employers through a unique certification.

    Ever more data are precompiled reaching almost one billion records  - This year the tax return is even more complete: in fact, the information on the past few years includes the expenses on condominium parts that give the right to the green bonus and the amounts paid from 1 January 2018 for insurance against disasters, stipulated for residential properties. Overall, the basket of pre-compiled data reaches 960 million and exceeds the total of data loaded in 2018 by 3.8%. Even the online assistance has been extended.

    The numbers in details - The number of data, approximately 960 million, has increased and has traveled to the Agency's servers. Of these, 78% - 754 million - relate to healthcare costs incurred by citizens and communicated to the Agency by pharmacies, medical offices, clinics, hospitals, 4.7% more than those transmitted in 2018. In second place in order of frequency we find insurance premiums, just over 92 million, and the CU, over 61 million. The data relating to the bonus to renovate homes gained 16 million refunds, in addition to almost 6 million related to condominium renovations. Scrolling down the list of the most frequent data, we find more than 8 million data on interest expense, 4.6 million relating to social security contributions. Finally, around 4.4 million data refer to refunds of healthcare costs and one million less, 3.4, targeted to university expenses. Information on contributions for domestic workers (3.2 million) closes the number reported.

    It's now even easier to modify the deductible expenses - From 2019 is possible to choose the simplified compilation mode, as an alternative to the traditional mode, to modify in a guided way the whole section-E of the declaration, for example to add e deductible charge that does not appear among those already entered by the Agency or change the amounts of expenses incurred.

    The calendar of the precompiled tax return - From the afternoon of the April 15th, the precompiled will be available both for those who present the 730 model and for those who present Income model. Starting from this date, both the taxpayers and their professional intermediaries will be able to view the declaration and the list of available information, indicating the data entered and not entered and the relative information sources. The 730 can be sent starting from May 2 and until July 23, 2019. The pre-compiled Income model can also be changed from May 2, but may be transmitted from May 10 to September 30, 2019.