Affordable Italy: Living la Dolce Vita on a Bootstring Moving to Italy: 2023 End of Year Tax Update with Paolo Rigo
Nov 27, 2023
Paolo Rigo, a tax expert from Verona, shares invaluable insights into the complexities of moving to Italy, particularly for dual citizens. He discusses the potential anxieties surrounding Italy's year-end tax updates and offers advice on becoming a tax resident swiftly. The conversation covers the attractive 7% flat tax for expats in Southern Italy, implications of pensions, and the necessity of choosing the right tax professionals. Rigo emphasizes proactive planning to navigate the Italian tax landscape and reduce uncertainties for those looking to live la dolce vita.
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Interview Multiple Tax Professionals
- Do interview several tax professionals before committing to one to find the best fit for your situation.
- Compare opinions, fees, and communication style to protect your money and time.
Citizenship Doesn’t Automatically Control Taxes
- Dual citizenship alone doesn't determine tax treatment; residency and paperwork do.
- Signing for citizenship can trigger tax consequences beyond the label of nationality.
Calculate Tax Impact Before Taking Citizenship
- Do the math before taking dual citizenship because foreign pensions and retirement accounts may become taxable in Italy.
- Ask an immigration lawyer and an Italian CPA about the domino effects of signing citizenship paperwork.
