Early Retirement Extreme Forums

sky wrote: ↑

Tue Dec 07, 2021 9:23 pm

Have you looked into the tax implications of living in Italy?

Ego wrote: ↑

Sun Nov 11, 2012 3:29 pm

With regard to taxes, the US & Italy have a tax convention which permits dual citizens to avoid double taxation. Here's a link to the pdf.
http://www.irs.gov/pub/irs-trty/italypro.pdf
You pay taxes in your resident country. Article 4 spells out how to determine residency.

Seppia wrote: ↑

Wed Dec 08, 2021 12:01 am

You may want to check the recent rule changes for people having lived abroad (if you understand Italian, check Gruppo Controesodo).

sky wrote: ↑

Wed Dec 08, 2021 10:18 am

If circumstances changed and you decided to live in the EU full time, how much would that change your tax liability? Like from 25% to 35%?

Seppia wrote: ↑

Wed Dec 08, 2021 12:01 am

You may want to check the recent rule changes for people having lived abroad (if you understand Italian, check Gruppo Controesodo).
After two years abroad I can come back and will only have to pay taxes on 30% of my earnings for the first 5 years (10 years if you have a kid or buy an apartment).

In summary, the tax regime applies to any employee, self-employed professional, or individual carrying out business activities who:
 becomes Italian tax resident (regardless of their original State of residence);
 commits to remain an Italian tax resident for the following two years;
 has not been Italian tax resident for the last two years; and
 spends the majority of their time work within the Italian territory (either for an Italian or a non-Italian enterprise and regardless of his/her role or qualification).

Individuals who meet these criteria are subject to individual income tax in Italy on only 30% of their employment/self-employment/business income. By moving to the southern regions of Italy, the taxable proportion of their income is reduced to only 10%. The tax regime applies for five years and can be extended for another five years (in total 10 years) subject to some additional conditions (e.g. the purchase of a residential property or where there is a minor child, etc.).

Ego wrote: ↑

Wed Mar 09, 2022 8:17 am

Foreigners who help fight will be eligible to obtain Ukrainian citizenship.

jacob wrote: ↑

Wed Mar 09, 2022 8:30 am

Also, it's my [limited] understanding that enlisting provides some protection under various conventions whereas fighting w/o enlisting (e.g. volunteers and mercenaries) does not. There's a risk of ending up detained for years with little government#1 can do about it.

jacob wrote: ↑

Wed Mar 09, 2022 8:30 am

That seems like a high risk/reward..

Ego wrote: ↑

Wed Mar 09, 2022 5:20 pm

Some may see it as a loophole to getting what may soon be an EU passport. People die everyday attempting to cross the Mediterranean and they are not offered the prospect of a passport.

xmj wrote: ↑

Mon Mar 28, 2022 6:17 am

Over all the positive PR Zelensky gets, one shouldn't forget that it's quite different on all those respects from other Eastern European countries. Especially public administration's corruption.

xmj wrote: ↑

Mon Mar 28, 2022 6:17 am

Over all the positive PR Zelensky gets, one shouldn't forget that it's quite different on all those respects from other Eastern European countries. Especially public administration's corruption.

The announcement follows the joint commitment from the EU, US, Uk, Japan, and Canada to “limit the sale of citizenship – so-called Golden Passports –that allow wealthy Russians connected to the Russian Government to become citizens of European countries and gain access to their financial systems.”

Ego wrote: ↑

Mon Mar 28, 2022 11:25 am

If they ever decide to allow citizenship by decent, I am ready to proceed.