The 'cooperative compliance' tax regime currently available only to large companies in Italy is to be extended to high-net-worth (HNWIs) who transfer their tax residence to the country. Italy currently offers HNWIs immigrating to the country a special regime with a EUR100,000 lump sum tax on their foreign income. The extension of the advance tax agreements system in the recently approved tax delegation Bill will grant them a two-year arrangement to define their taxable income in advance, including for foreign trusts, inheritance and gift taxes and crypto-assets.
News Source：【DLA Piper 2023/04/04】