LinkedInJuly 1, 2026
Italy just tripled its HNWI flat tax to 300,000 euros a year. Same regime, three times the entry price of 2017.
Article 24-bis lets a new resident pay one fixed annual tax on qualifying foreign-source income, whatever the amount, for up to 15 years. It launched at 100,000 euros in 2017, doubled to 200,000 for residence transfers after 10 August 2024, and reached 300,000 for anyone moving their residence to Italy from 1 January 2026. Family members went from 25,000 to 50,000 each.
Two caveats most coverage skips. Italian-source income stays taxed under ordinary rules, and capital gains on qualified foreign shareholdings sold in the first five years fall outside the flat tax. It is not a blanket exemption on everything abroad.
The grandfathering is the quiet part, and it hinges on when you moved your residence, not when you filed. Those who transferred before the 2024 increase stay on 100,000, the post-August 2024 cohort stays on 200,000, for the full run under current law. The date you moved fixes your price.
Greece runs a similar lump-sum regime on foreign income at 100,000 euros and has not raised it. The mechanisms are close but not identical, Greece attaches a 500,000 euro investment condition and charges 20,000 per family member against Italy at 50,000. So the comparable structure now costs three times more in Rome than in Athens, before you weigh lifestyle, Schengen access or estate treatment.
For a globally mobile HNWI, the flat tax is a bet on predictability. The open question is how much that predictability is worth once the fixed price triples in under two years.
At what fixed annual cost does a flat tax stop being a deal and start being just another high tax?
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Sourced from GeoCompass, the jurisdiction intelligence layer behind Lucky Nomads.
#internationaltax #residencyplanning #italy
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