Italy: The Newest Tax Haven? Here's What You Need to Know

Nov 30, 2021 536

BY: Georgette Jupe

Imagine getting to save money on taxes and actually live somewhere you've always wanted to live. There are multiple reasons why Italy is beloved; between the diverse and lush landscape, charming medieval villages, and top-notch culinary reputation, it's no wonder that the Mediterranean lifestyle is highly sought after by so many. 

At the same time, it also happens to be a country that has long had a reputation as a ‘high tax’ jurisdiction with significant amounts of tax evasion by its citizens. But this is changing. Over the last few years, the Italian government has worked hard to attract wealthy foreigners by offering various significant tax incentives to move to the country. 

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SOURCE: https://www.italymagazine.com

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