Italy

Individual - Significant developments

Last reviewed - 19 July 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.
Mandatory electronic filing of payment forms which include credits used to offset the liability.