Italy flat tax for new residents (Article 24-bis TUIR)

A new Italian tax resident can elect to pay a fixed annual substitute tax on all foreign-source income instead of ordinary Italian tax. For people transferring residence from 1 January 2026 the charge is EUR 300,000 a year, plus EUR 50,000 for each family member included, for up to 15 years. Italian-source income is taxed normally. It is a personal regime, not a structure, and makes sense only for people with very large foreign income or gains.

• Ultra-high-net-worth individuals with foreign investment income and gains well above EUR 1m a year.
• Families wanting to live in Italy with foreign assets outside Italian inheritance tax.

Reviewed 2026-09-29. Research, not advice.