Affordable Italy: Living la Dolce Vita on a Bootstring Edited Moving to Italy: Taxes with Nicolo Bolla
Oct 8, 2023
Nicolò Bolla, a certified accountant specializing in Italian taxation for expats, dives into the complexities of moving to Italy. He debunks the myth of high income tax rates and reveals the enticing 7% flat tax for retirees. The conversation covers essential visa options, the intricacies of the IRPEF tax system, and vital tax strategies for expatriates. Nicolò also discusses how to navigate capital gains tax and the impact of residency on tax obligations, providing invaluable insights for anyone dreaming of living la dolce vita.
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Tax Advisor Timing
- Contact an Italian tax advisor no earlier than one year before moving to Italy.
- Italian tax laws change annually, making early planning less effective.
Tax Treaties
- Tax treaties supersede national laws, impacting how certain income types are taxed.
- They define how two countries will handle taxation of residents and their assets.
Separate Filing
- In Italy, spouses file taxes separately; tax brackets apply to each individual's income.
- If each spouse earns 50,000 euros, the brackets apply to each 50,000 separately, not combined.
