Italy

Individual - Significant developments

Last reviewed - 28 February 2024

The Italian Budget Law for fiscal year (FY) 2024 and the Italian tax reform on international taxation introduced some changes regarding:

  • Determination of tax residency of individuals.
  • Wealth taxes for foreign assets owned outside of Italy by individuals who qualify as Italian tax residents.
  • Inbound workers regime.
  • Tax brackets for personal income taxation.