{"id":197,"date":"2016-12-12T15:47:49","date_gmt":"2016-12-12T15:47:49","guid":{"rendered":"http:\/\/159.65.127.138\/?p=197"},"modified":"2026-04-20T13:25:56","modified_gmt":"2026-04-20T11:25:56","slug":"ivie-ivafe-wealth-tax-on-foreign-property","status":"publish","type":"post","link":"https:\/\/taxing.it\/it\/ivie-ivafe-wealth-tax-on-foreign-property\/","title":{"rendered":"Segnalazione Attivit\u00e0 Estere, Sezione RW, IVIE e IVAFE - Imposta Patrimoniale su Beni Immobili Esteri"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"197\" class=\"elementor elementor-197\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0adaea6 e-flex e-con-boxed e-con e-parent\" data-id=\"0adaea6\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-a4e89f1 e-con-full e-flex e-con e-child\" data-id=\"a4e89f1\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d6f7ec7 elementor-widget elementor-widget-text-editor\" data-id=\"d6f7ec7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h2>Increase in IVIE and IVAFE<\/h2><p>Starting from FY 2024, the rate of\u00a0 IVIE,\u00a0 the tax on the value of foreign (non Italian) real estate located abroad, will increase from 0.76% to 1.06%.\u00a0 This increase applies generally to all real estate situated outside Italy by a Italian tax resident.\u00a0<\/p><p>IVAFE, the tax on the value of financial assets held abroad, increases from 2 per thousand to 4 per thousand (0.2% to 0.4%), but the new higher rate will only apply on the value of financial products held in States or territories with a privileged tax regime &#8211; &#8220;black list&#8221; jurisdictions and again will apply from FY 2024 onward.<\/p><p>The changes are made by paragraph 91 of Law No. 213 of 30 December 2023, the 2024 Finance Law, amending Article 19 of Decree-Law No. 201 of 6 December 2011 governing the two wealth taxes, IVIE and IVAFE.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4ea744c e-flex e-con-boxed e-con e-parent\" data-id=\"4ea744c\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-5dbb023 e-con-full e-flex e-con e-child\" data-id=\"5dbb023\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-591e217 elementor-toc--content-ellipsis elementor-toc--minimized-on-desktop elementor-widget elementor-widget-table-of-contents\" data-id=\"591e217\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;headings_by_tags&quot;:[&quot;h1&quot;,&quot;h2&quot;,&quot;h3&quot;,&quot;h4&quot;,&quot;h5&quot;,&quot;h6&quot;],&quot;exclude_headings_by_selector&quot;:[],&quot;marker_view&quot;:&quot;bullets&quot;,&quot;icon&quot;:{&quot;value&quot;:&quot;&quot;,&quot;library&quot;:&quot;&quot;},&quot;minimized_on&quot;:&quot;desktop&quot;,&quot;no_headings_message&quot;:&quot;No headings were found on this page.&quot;,&quot;minimize_box&quot;:&quot;yes&quot;,&quot;hierarchical_view&quot;:&quot;yes&quot;,&quot;min_height&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"table-of-contents.default\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__header\">\n\t\t\t\t\t\t<h2 class=\"elementor-toc__header-title\">\n\t\t\t\tTable of Contents\t\t\t<\/h2>\n\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--expand\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__591e217\" aria-expanded=\"true\" aria-label=\"Apri l&#039;indice dei contenuti\"><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-far-caret-square-down\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M125.1 208h197.8c10.7 0 16.1 13 8.5 20.5l-98.9 98.3c-4.7 4.7-12.2 4.7-16.9 0l-98.9-98.3c-7.7-7.5-2.3-20.5 8.4-20.5zM448 80v352c0 26.5-21.5 48-48 48H48c-26.5 0-48-21.5-48-48V80c0-26.5 21.5-48 48-48h352c26.5 0 48 21.5 48 48zm-48 346V86c0-3.3-2.7-6-6-6H54c-3.3 0-6 2.7-6 6v340c0 3.3 2.7 6 6 6h340c3.3 0 6-2.7 6-6z\"><\/path><\/svg><\/div>\n\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--collapse\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__591e217\" aria-expanded=\"true\" aria-label=\"Chiudi l&#039;indice dei contenuti\"><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-up\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M240.971 130.524l194.343 194.343c9.373 9.373 9.373 24.569 0 33.941l-22.667 22.667c-9.357 9.357-24.522 9.375-33.901.04L224 227.495 69.255 381.516c-9.379 9.335-24.544 9.317-33.901-.04l-22.667-22.667c-9.373-9.373-9.373-24.569 0-33.941L207.03 130.525c9.372-9.373 24.568-9.373 33.941-.001z\"><\/path><\/svg><\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<div id=\"elementor-toc__591e217\" class=\"elementor-toc__body\">\n\t\t\t<div class=\"elementor-toc__spinner-container\">\n\t\t\t\t<svg class=\"elementor-toc__spinner eicon-animation-spin e-font-icon-svg e-eicon-loading\" aria-hidden=\"true\" viewBox=\"0 0 1000 1000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M500 975V858C696 858 858 696 858 500S696 142 500 142 142 304 142 500H25C25 237 238 25 500 25S975 237 975 500 763 975 500 975Z\"><\/path><\/svg>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e4dee9c e-flex e-con-boxed e-con e-parent\" data-id=\"e4dee9c\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-e1e3aec e-con-full e-flex e-con e-child\" data-id=\"e1e3aec\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-38f7a58 elementor-widget elementor-widget-text-editor\" data-id=\"38f7a58\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h1 style=\"font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; text-align: justify;\">Italian Reporting Obligations and Wealth Taxes on foreign (non Italian) property<\/h1><p>Italian resident taxpayers who own real estate, bank accounts, valuables and financial investments outside Italy are required:<\/p><p>1. to report these assets in their annual tax return (the Section RW); and<\/p><p>2. account for the two wealth taxes:<\/p><ul><li>the real estate wealth tax &#8211; IVIE (<em>Imposta sul valore degli immobili situati all\u2019estero<\/em>); <span style=\"background-color: var( --e-global-color-8321d3c );\">and <\/span><\/li><li><span style=\"background-color: var( --e-global-color-8321d3c );\">the tax on financial investments &#8211; IVAFE (<\/span><em>Imposta sul valore delle attivit\u00e0 finanziarie detenute all&#8217;estero<\/em>)<\/li><\/ul><p><span style=\"background-color: var( --e-global-color-8321d3c );\">which are both\u00a0 taxes due on the capital value of assets held, or deemed to be held, outside Italy.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-993f041 e-flex e-con-boxed e-con e-parent\" data-id=\"993f041\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-312c54d e-con-full e-flex e-con e-child\" data-id=\"312c54d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-07a4ed1 elementor-widget elementor-widget-text-editor\" data-id=\"07a4ed1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h2>The objective of the legislation<\/h2><p>The intention of the legislator in introducing these taxes is:<\/p><p>1) to track foreign assets held by residents of Italy in order to combat tax avoidance and other financial crimes through the use of offshore (non Italian) structures and investments;\u00a0<\/p><p>2)\u00a0to reduce the scope for any discrimination against the ownership of assets situated in Italy (which are subject to <a href=\"http:\/\/159.65.127.138\/table-of-main-registration-taxes-in-italy\/\" target=\"_blank\" rel=\"noopener\">stamp duties<\/a>, <a href=\"http:\/\/159.65.127.138\/taxes-on-second-homes-in-italy\/\" target=\"_blank\" rel=\"noopener\">property ownership<\/a>\u00a0tax and other indirect taxes) in favour of investment in assets abroad, which might be exempt such taxes.<\/p><p>These reporting obligations and taxes apply even where assets are\u00a0 &#8220;effectively&#8221;\u00a0 owned via an agent,\u00a0 through a trust or other entity (for example, a foundation) acting as nominee.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8f843e8 e-con-full e-flex e-con e-child\" data-id=\"8f843e8\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ca35c9b elementor-widget elementor-widget-image\" data-id=\"ca35c9b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"800\" height=\"531\" src=\"https:\/\/taxing.it\/wp-content\/uploads\/2018\/09\/20090403-16-1024x680.jpg\" class=\"attachment-large size-large wp-image-780\" alt=\"Vicenza\" srcset=\"https:\/\/taxing.it\/wp-content\/uploads\/2018\/09\/20090403-16-1024x680.jpg 1024w, https:\/\/taxing.it\/wp-content\/uploads\/2018\/09\/20090403-16-600x399.jpg 600w, https:\/\/taxing.it\/wp-content\/uploads\/2018\/09\/20090403-16-300x199.jpg 300w, https:\/\/taxing.it\/wp-content\/uploads\/2018\/09\/20090403-16-768x510.jpg 768w, https:\/\/taxing.it\/wp-content\/uploads\/2018\/09\/20090403-16.jpg 1200w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2286dc6 e-flex e-con-boxed e-con e-parent\" data-id=\"2286dc6\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-f1fd113 e-con-full e-flex e-con e-child\" data-id=\"f1fd113\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7b983e9 elementor-widget elementor-widget-text-editor\" data-id=\"7b983e9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h1>Tax return reporting and compliance<\/h1><h2>Reporting Foreign Assets<\/h2><p>The two taxes are closely linked the to the foreign asset reporting requirements contained in Section RW in the annual Italian tax return (Form 730 or PF &#8220;Unico&#8221;). This is the section of the tax return in which a resident taxpayer (who does not have the benefit of a statutory exemption) needs to disclose the ownership and value of foreign real estate, bank accounts, and &#8220;foreign assets of a financial nature&#8221;.<\/p><p>The term &#8220;foreign assets of a financial nature&#8221; is interpreted widely by the Italian Tax Agency as evidenced in the tables of codes to be used\u00a0 for reporting the asset in the instructions to the annual tax return. These are the various categories to be reported:<\/p><ul><li>Shares In The Capital Or Equity\u00a0 Of Non-Resident Companies<\/li><li>Foreign Bonds And Similar Securities<\/li><li>Foreign Securities And Certificates Issued By Non-Residents<\/li><li>Foreign Currencies On Deposit And Current Accounts<\/li><li>Italian Public Securities Issued Abroad<\/li><li>Contracts Of A Financial Nature Concluded With Non-Resident Counterparties<\/li><li>Life Insurance And Capitalisation Policies<\/li><li>Derivative Contracts And Other Financial Transactions Concluded Outside Italian Territory Of The State<\/li><li>Precious Metals In Unwrought Or Monetized State Held Abroad<\/li><li>Participations In Trusts, Foundations Or Other Legal Entities Other Than Companies<\/li><li>Pension Funds Managed By Foreign Entities<\/li><li>Other Financial Instruments, Including Those Of A Non-Participating Nature<\/li><li>Other Foreign Financial Assets And Virtual Currencies<\/li><li>Immovable Property<\/li><li>Registered Movable Property (e.g. Yachts And Luxury Cars)<\/li><li>Works Of Art And Jewellery<\/li><li>Other Assets<\/li><li>Foreign Immovable Property Used As Main Residence<\/li><li>Foreign Securities Deposit Accounts<\/li><li>Cryptocurrencies<\/li><\/ul><div>The requirement to report the existence\/ownership of the asset is different, and\u00a0 wider, than the requirement to pay tax.\u00a0 The tax is only due on real estate, bank accounts and &#8220;financial products&#8221;. By financial products the intention is to only tax assets that are capable of producing income which is taxable in Italy in the hands of Italian tax residents.\u00a0 For assets held in other EU countries IVAFE should only be due where there is an analogous Italian tax where the financial products are subject to stamp duty in Italy, such as bank accounts and financial investments. The tax return contains a box which should be checked where exemption from tax is being claimed.<\/div><p>A table of reporting codes can be found <a href=\"https:\/\/taxing.it\/rw-foreign-asset-reporting-codes\/\" target=\"_blank\" rel=\"noopener\">here.\u00a0<\/a><\/p><h2>Reporting Exemptions<\/h2><p>Assets which are held via an Italian intermediary such as an Italian resident bank or authorised financial institution do not need to be reported in the owner&#8217;s annual tax return, since the bank or financial institution will report the ownership information directly to the Italian Tax Agency.<\/p><p>Exemption from the obligation to disclose the assets and pay the tax applies, inter alia to individuals to whom, for any tax year, either of the two following regimes apply:<\/p><ul><li>the <a href=\"http:\/\/159.65.127.138\/7-per-cent-flat-tax-for-pensioners-coming-to-live-in-the-of-south-italy\/\" target=\"_blank\" rel=\"noopener\">7% flat tax regime for pensioners<\/a> who transfer their residence to a qualifying municipality in Regions of the South or Central Italy, or<\/li><li>the <a href=\"http:\/\/159.65.127.138\/new-italian-tax-regime-encourage-high-net-worth-individuals\/\" target=\"_blank\" rel=\"noopener\">annual Euro 100,000 to 300,000 flat tax regime<\/a> applicable to non Italian source income.<\/li><\/ul><p><span style=\"background-color: var( --e-global-color-8321d3c );\">Even if a taxpayer is not otherwise required to file an annual Italian tax return, e.g.\u00a0 because they are under the income threshold limits or all their income has been taxed at source, they still need to file a return &#8211; section RW &#8211; to report any\u00a0 foreign assets and account for any tax.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-0d6ef0e e-flex e-con-boxed e-con e-parent\" data-id=\"0d6ef0e\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-58a4502 e-con-full e-flex e-con e-child\" data-id=\"58a4502\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-362e79a elementor-widget elementor-widget-text-editor\" data-id=\"362e79a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h1>Payment Deadlines<\/h1><p>The payment of IVIE and IVAFE must generally\u00a0 be made at the same time as personal income tax liabilities arising from an annual tax return.<\/p><p>Therefore, in general, on or before the 16 of June each year the taxpayer needs to pay the balance of the IVIE\/IVAFE tax due for the previous year plus a payment on account of the current year liability (approximately 40% of the prior year liability. The second instalment equal to approximately 60% of the prior year liability must be paid on or before 30 November.\u00a0 It is possible to reduce payments on account where assets have been disposed of thus reducing the potential tax liability.<\/p><p>Note that the deadlines for payment and the actual amounts can be subject to last minute change. Certain threshold and exemptions for small amounts apply.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2039bc5 e-flex e-con-boxed e-con e-parent\" data-id=\"2039bc5\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-a377cb7 e-con-full e-flex e-con e-child\" data-id=\"a377cb7\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9dea4c3 elementor-widget elementor-widget-text-editor\" data-id=\"9dea4c3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h1>Penalties<\/h1>\n<p>The Italian penalty regime is complex, and penalties for failing to report and pay any tax due are steep.&nbsp; Given that the reporting and payment obligation arise each year, it is possible that penalties will be applied for each year that remains open to assessment. This could mean penalties are applied for up to seven tax years.<\/p>\n<p>For any year that an asset that should have been reported but has not, a penalty of&nbsp; up to 3% of the value of any asset not disclosed can be applied.&nbsp; The rate is 6% for assets held in tax havens.&nbsp;<\/p>\n<p>For unpaid tax the penalties can be as much as 100% of the tax not paid, although it is usually possible to reduce these penalties by prompt payment following a Tax Agency audit or enquiry.&nbsp;<\/p>\n<p>Further penalties can be applied where no tax return has been filed or where the Tax Agency consider that a return that has been filed is &#8220;untrue&#8221;.<\/p>\n<p>Where a taxpayer realises that for prior years foreign assets have not been reported correctly or tax not paid, it is worth considering voluntary disclosure under the &#8220;<a href=\"http:\/\/159.65.127.138\/tax-penalties-and-the-ravvedimento-operoso\/\">ravvedimento operoso<\/a>&#8221; rules.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-63fe589 e-flex e-con-boxed e-con e-parent\" data-id=\"63fe589\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-8f17e24 e-con-full e-flex e-con e-child\" data-id=\"8f17e24\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5deed75 elementor-widget elementor-widget-text-editor\" data-id=\"5deed75\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h1>Rates of Tax<\/h1>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-458fe88 e-flex e-con-boxed e-con e-parent\" data-id=\"458fe88\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-00c00da e-con-full e-flex e-con e-child\" data-id=\"00c00da\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e27876f elementor-tabs-view-vertical elementor-widget elementor-widget-tabs\" data-id=\"e27876f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"tabs.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-tabs\">\n\t\t\t<div class=\"elementor-tabs-wrapper\" role=\"tablist\" >\n\t\t\t\t\t\t\t\t\t<div id=\"elementor-tab-title-2371\" class=\"elementor-tab-title elementor-tab-desktop-title\" aria-selected=\"true\" data-tab=\"1\" role=\"tab\" tabindex=\"0\" aria-controls=\"elementor-tab-content-2371\" aria-expanded=\"false\">IVIE - Real Estate<\/div>\n\t\t\t\t\t\t\t\t\t<div id=\"elementor-tab-title-2372\" class=\"elementor-tab-title elementor-tab-desktop-title\" aria-selected=\"false\" data-tab=\"2\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-2372\" aria-expanded=\"false\">IVAFE - Financial Investments<\/div>\n\t\t\t\t\t\t\t\t\t<div id=\"elementor-tab-title-2373\" class=\"elementor-tab-title elementor-tab-desktop-title\" aria-selected=\"false\" data-tab=\"3\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-2373\" aria-expanded=\"false\">IVAFE - Bank Accounts<\/div>\n\t\t\t\t\t\t\t\t\t<div id=\"elementor-tab-title-2374\" class=\"elementor-tab-title elementor-tab-desktop-title\" aria-selected=\"false\" data-tab=\"4\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-2374\" aria-expanded=\"false\">Wealth Tax - Crypto Assets<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t<div class=\"elementor-tabs-content-wrapper\" role=\"tablist\" aria-orientation=\"vertical\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-tab-title elementor-tab-mobile-title\" aria-selected=\"true\" data-tab=\"1\" role=\"tab\" tabindex=\"0\" aria-controls=\"elementor-tab-content-2371\" aria-expanded=\"false\">IVIE - Real Estate<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-2371\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-2371\" tabindex=\"0\" hidden=\"false\"><p>IVIE is payable at the rate of <b>1.06<\/b>% starting from FY 2024 (<strong>0.76%<\/strong>\u00a0prior to that) of the value as defined below.\u00a0 The rate is reduced to\u00a0<strong>0.4%<\/strong>\u00a0for buildings used as a main residence. There is also relief if the total tax (calculated on a 100% ownership share) is less than Euro 200 per annum.<br \/>It is a sister tax\u00a0 to <a href=\"https:\/\/taxing.it\/imu-local-real-estate-ownership-tax\/\" target=\"_blank\" rel=\"noopener\">IMU<\/a>.\u00a0 IMU applies on the value of property located in Italy.<\/p><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-tab-title elementor-tab-mobile-title\" aria-selected=\"false\" data-tab=\"2\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-2372\" aria-expanded=\"false\">IVAFE - Financial Investments<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-2372\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-2372\" tabindex=\"0\" hidden=\"hidden\"><p style=\"font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal;\">The tax is calculated on the value of \u201cfinancial products\u201d in proportion to the taxpayer\u2019s share of ownership and the length of time the assets are held over the year. The rate is Euro 2 per thousand\u00a0<strong>(0.2%<\/strong>).\u00a0 A higher rate of 0.4% applies to financial products situated in <a href=\"https:\/\/taxing.it\/list-of-black-list-countries\/\">tax havens.<\/a><\/p><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-tab-title elementor-tab-mobile-title\" aria-selected=\"false\" data-tab=\"3\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-2373\" aria-expanded=\"false\">IVAFE - Bank Accounts<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-2373\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-2373\" tabindex=\"0\" hidden=\"hidden\"><p>For current accounts and savings accounts held abroad the rate is a fixed Euro 34.20 per foreign account. The tax is a fixed amount and is not a percentage of the closing balance, which still needs to be reported. Note that in this context we are talking about standard current and deposit accounts.\u00a0 A variable rate of tax may apply to accounts\u00a0 which are &#8220;wrappers&#8221; for underlying investments, i.e. deposits with other financial institutions, bank accounts where funds are invested in\u00a0 financial securities or foreign currency trading \/investment accounts.<\/p><p>No tax is due if the average balance over the year shown in the bank statements is lower than Euro 5,000 taking into consideration all accounts held abroad with the same financial institution. If multiple accounts are held with the same financial institution totalling more than (the equivalent) of Euro 5,000 then, according to the\u00a0 Tax Agency instructions for compilation of the annual tax return, the Euro 34.2 is due for each\u00a0 of the accounts.\u00a0<\/p><p>The requirement to report the existence of the bank account in the RW section of the Italian tax return only applies if the maximum value during the year on the account exceeds 15,000. However if there is a liability to IVAFE (due to exceeding the Euro 5,000 threshold described above, then the bank account will anyway need to be reported in the RW.<\/p><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-tab-title elementor-tab-mobile-title\" aria-selected=\"false\" data-tab=\"4\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-2374\" aria-expanded=\"false\">Wealth Tax - Crypto Assets<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-2374\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"4\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-2374\" tabindex=\"0\" hidden=\"hidden\"><p>The value in Euro at the beginning or the Italian tax year (the calendar) and at the end needs to be reported on an asset by asset basis (or at least on the basis of crypto assets held in the same wallet or trading account) needs to be reported. Tax will be applied on the year end value (or on the date of disposal for assets that have been sold in the course of the year at the rate of 0.2% (or 0.4% where the wallet is held, or an account is held, in a <a href=\"https:\/\/taxing.it\/list-of-black-list-countries\/\" target=\"_blank\" rel=\"noopener\">tax haven jurisdiction<\/a>). The Tax Agency\u00a0 appear to take the view that if no country is, or can be reported as the country in which the assets are held then the higher 4% rate will apply. If Crypto assets are held for only part of a year, the tax is reduced for the period of ownership.\u00a0 \u00a0<br \/>Accurately reporting ownership of Crypto assets (and transactions during the year that may give rise to taxable income or gains), and sometimes difficulties in obtaining the certification of income, gains and values, necessary to comply with Italian tax reporting obligations,\u00a0 the recommendation is, generally (as it is for other financial investments, for Italian tax residents, to invest in Crypto assets via an authorised, regulated Italian financial intermediary who will handle the tax reporting on their behalf.\u00a0<\/p><\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8926038 e-flex e-con-boxed e-con e-parent\" data-id=\"8926038\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-36db82d e-con-full e-flex e-con e-child\" data-id=\"36db82d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e38eca4 elementor-widget elementor-widget-text-editor\" data-id=\"e38eca4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h1>The Taxable Base &#8211; the &#8220;Value&#8221; for Tax Purposes<\/h1>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e7fdaf0 e-flex e-con-boxed e-con e-parent\" data-id=\"e7fdaf0\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-4aed737 e-con-full e-flex e-con e-child\" data-id=\"4aed737\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c4bb653 elementor-tabs-view-vertical elementor-widget elementor-widget-tabs\" data-id=\"c4bb653\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"tabs.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-tabs\">\n\t\t\t<div class=\"elementor-tabs-wrapper\" role=\"tablist\" >\n\t\t\t\t\t\t\t\t\t<div id=\"elementor-tab-title-2061\" class=\"elementor-tab-title elementor-tab-desktop-title\" aria-selected=\"true\" data-tab=\"1\" role=\"tab\" tabindex=\"0\" aria-controls=\"elementor-tab-content-2061\" aria-expanded=\"false\">IVIE<\/div>\n\t\t\t\t\t\t\t\t\t<div id=\"elementor-tab-title-2062\" class=\"elementor-tab-title elementor-tab-desktop-title\" aria-selected=\"false\" data-tab=\"2\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-2062\" aria-expanded=\"false\">IVAFE - financial investments<\/div>\n\t\t\t\t\t\t\t\t\t<div id=\"elementor-tab-title-2063\" class=\"elementor-tab-title elementor-tab-desktop-title\" aria-selected=\"false\" data-tab=\"3\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-2063\" aria-expanded=\"false\">IVAFE - Bank Accounts<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t<div class=\"elementor-tabs-content-wrapper\" role=\"tablist\" aria-orientation=\"vertical\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-tab-title elementor-tab-mobile-title\" aria-selected=\"true\" data-tab=\"1\" role=\"tab\" tabindex=\"0\" aria-controls=\"elementor-tab-content-2061\" aria-expanded=\"false\">IVIE<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-2061\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-2061\" tabindex=\"0\" hidden=\"false\"><h2>Tax base\/value of real estate abroad\u00a0<\/h2><p>The taxable amount varies according to the State in which the property is situated.<\/p><h3>Properties located in the EU\/EEA<\/h3><p>For properties located in countries inside the European Economic Area the value to be used is the land registry value, as determined under the rules of the country in which the land is situated.\u00a0 If there is no land registry value (e.g. in France, or the Republic of Ireland) then reference must be made to the cost as shown in the deed of purchase and if there is no information regarding the cost, then market value should be used.<\/p><h3>Properties situated in other states<\/h3><p>For other countries, the taxable amount is the cost as shown in the deed of purchase or by agreement or, failing that, by the market value. If the taxpayer is not able to demonstrate what the purchase price actually was, for example because deeds or title documents have been lost then the Tax Agency can apply the current market value.\u00a0<\/p><h3><span style=\"font-family: 'Noto Sans', sans-serif; font-size: 1.25rem; font-weight: bold; background-color: var( --e-global-color-68f0021 );\">Lesser Rights Over Land<\/span><\/h3><p>If the resident taxpayer has a right over property other than full legal title (e.g. a long lease, a registered licence to use or occupy), the value should be based on the value shown in any purchase contract or the relevant regulations or criteria established by the legislation of the country where the property is located.<\/p><h3>Real estate acquired by gift or donation<\/h3><p>For property acquired by inheritance or donation, the value to be used is the value shown in the declaration of inheritance or in a deed of gift in the manner provided for under foreign rules. In the absence of evidence of the acquisition value the market value must be used.<\/p><h3><span style=\"font-family: 'Noto Sans', sans-serif; font-size: 1.5rem; font-weight: bold; background-color: var( --e-global-color-68f0021 );\">Excluded assets<\/span><\/h3><p>From 1 January 2016, IVIE will not apply to the possession of the main and appurtenances thereto and the marital home assigned to a spouse, as a result of legal separation, annulment, dissolution or termination of the civil effects of marriage.<\/p><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-tab-title elementor-tab-mobile-title\" aria-selected=\"false\" data-tab=\"2\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-2062\" aria-expanded=\"false\">IVAFE - financial investments<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-2062\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-2062\" tabindex=\"0\" hidden=\"hidden\"><h2>Tax value for financial products<\/h2><p>The value for purposes of IVAFE will generally be the market value.\u00a0 As the tax applies to financial products (ie. investments managed by banks or other financial intermediaries) this will generally be a relatively easy matter for single assets or portfolios of assets.<\/p><p>The value to be reported is the year end value (and the opening value also needs to be shown.\u00a0 Where assets are bought and disposed of during the year the value to be shown by way of opening value is the value at the date of purchase and the closing value is the value at the date of sale.\u00a0 Where a taxpayer has an investment in an actively managed portfolio of shares with acquisitions and disposals during the course of the year then the administrative task become difficult as values need to be pro-rated during the year.\u00a0 \u00a0The Tax agency have confirmed that it is possible to lump all the investments together and just report the opening value and closing value of the portfolio.<\/p><h2>Exclusions and Exemptions<\/h2><p>There are a number of investments which are not subject to the tax, such as certain kinds of occupational pension funds.<\/p><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-tab-title elementor-tab-mobile-title\" aria-selected=\"false\" data-tab=\"3\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-2063\" aria-expanded=\"false\">IVAFE - Bank Accounts<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-2063\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-2063\" tabindex=\"0\" hidden=\"hidden\"><p>For current accounts and savings accounts held abroad the rate is a fixed Euro 34.20 per foreign account, regardless of the amount held on the account.\u00a0 \u00a0No tax is due if the average liquidity over the year shown in the bank statements is lower than Euro 5,000 taking into consideration all accounts held abroad with the same financial institution. Note that the requirement to declare the existence of the bank account in the RW only applies if the maximum value during the year on the account exceeds 15,000. However if there is a liability to IVAFE (due to exceeding the Euro 5,000 threshold described above, then the bank account will need to be reported in the RW.<\/p><p>The calculation according to <a href=\"https:\/\/www.agenziaentrate.gov.it\/portale\/schede\/comunicazioni\/integrativa-archivio-dei-rapporti-con-operatori-finanziari\/giacenza-media-annua#:~:text=Il%20calcolo%20della%20giacenza%20media,i%20saldi%20giornalieri%20per%20valuta.\" target=\"_blank\" rel=\"noopener\">the Tax Agency<\/a>\u00a0 of the average annual balance is determined by dividing the sum of each daily balance by 365, regardless of the number of days the deposit\/account is active.\u00a0 The daily balance for non Euro currencies is determined currency by currency separately.\u00a0<\/p><\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-f85feaf e-flex e-con-boxed e-con e-parent\" data-id=\"f85feaf\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-20b1144 e-con-full e-flex e-con e-child\" data-id=\"20b1144\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7f54b0c elementor-widget elementor-widget-text-editor\" data-id=\"7f54b0c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h1>Credit for foreign taxes<\/h1><p>If a &#8220;similar&#8221; capital tax is paid in the foreign country, it is possible to claim credit for the tax. The credit cannot in any case exceed the tax payable in Italy.<\/p><p class=\"MsoNormal\">By &#8220;similar&#8221; the legislator intends a wealth tax\u00a0 &#8211; a tax on the ownership or possession of property but not a tax payable in consideration of the provision of services by any governmental or local authority.\u00a0 So for example the Italian authorities have determined that UK council tax is not a wealth tax but a tax paid in consideration of the provision of services.<\/p><p class=\"MsoNormal\">No credit is available if the country in which the financial asset is held has an agreement with Italy for the avoidance of double taxation which covers (which also covers wealth taxes) and which provides that this kind of tax is due only in the country in which the taxpayer is resident. In such cases the Italian resident taxpayer may,\u00a0 according to the Italian Tax Agency,\u00a0 have a right of refund from the country where the asset is located.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d7d0e30 e-flex e-con-boxed e-con e-parent\" data-id=\"d7d0e30\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-d92aa8f e-con-full e-flex e-con e-child\" data-id=\"d92aa8f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-eb6f302 elementor-widget elementor-widget-text-editor\" data-id=\"eb6f302\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h1>Relevant Legislation and Guidance<\/h1><h2>Legislation<\/h2><p>The reporting obligations (for the purposes of &#8220;<em>monitoraggio <\/em><i>fiscali<\/i>&#8220;) are contained\u00a0 <a href=\"https:\/\/def.finanze.it\/DocTribFrontend\/getAttoNormativoDetail.do?ACTION=getArticolo&amp;id={6FB991EC-F66F-4101-89C8-F22C869BC575}&amp;codiceOrdinamento=200000400000000&amp;articolo=Articolo%204\" target=\"_blank\" rel=\"noopener\">in art. 4 of\u00a0 Decree-Law No 167 of 28\/06\/1990<\/a> published in the Official Gazette no. 151 of 30 June 1990 enacted by\u00a0 law n. 227 of 04\/08\/1990.<\/p><p>IVIE &amp; IVAFE were \u00a0introduced into Italian law by <a href=\"https:\/\/def.finanze.it\/DocTribFrontend\/getAttoNormativoDetail.do?ACTION=getArticolo&amp;id={7C411488-D58D-4734-BDDF-48BCB79918E4}&amp;codiceOrdinamento=200001900000000&amp;articolo=Articolo%2019\" target=\"_blank\" rel=\"noopener\">Art. 19, paragraphs 13-21, D.L no. 201\/201<\/a>1 (&#8220;Monti Decree&#8221;) converted into law by L. 214\/2011.<\/p><p><a href=\"https:\/\/def.finanze.it\/DocTribFrontend\/getAttoNormativoDetail.do?ACTION=getArticolo&amp;id={865ACC0A-A332-48A0-9FA4-123D0A24FCF6}&amp;codiceOrdinamento=200000800000000&amp;articolo=Articolo%208\" target=\"_blank\" rel=\"noopener\">Article 8, paragraphs\u00a0<\/a><span style=\"background-color: var( --e-global-color-8321d3c );\">16 and 17, of Decree-Law No. 16 of 2 March 2012 with further amendments\u00a0<\/span><span style=\"background-color: var( --e-global-color-8321d3c );\">made upon conversion by Law No. 44 of 26 April 2012 enacted further changes to the rules.<\/span><\/p><h2>Tax Agency Guidance<\/h2><p><a href=\"https:\/\/www.agenziaentrate.gov.it\/portale\/documents\/20143\/345435\/05062012+Provv+imposte+attivita+e+immobili+oggetto+emersione_provvedimento+4+giugno+2012.pdf\/cad6bc2e-792a-5f3f-edb4-9775f7bcbc27\" target=\"_blank\" rel=\"noopener\">Order of the Director of the Revenue Agency of 5 June 2012<\/a><\/p><p><a href=\"https:\/\/www.agenziaentrate.gov.it\/portale\/documents\/20143\/299482\/Circolare+28+020712_Cir02.07.12.pdf\/27add329-de7a-bbff-135e-c3baf715c7a6\" target=\"_blank\" rel=\"noopener\">Tax Agency Circular 28\/E of 2 July 2012<\/a> &#8211; Main circular explaining the functioning of the two taxes<\/p><p><a href=\"https:\/\/www.agenziaentrate.gov.it\/portale\/documents\/20143\/299337\/Circolare+48+imposta+bollo_cir48e+del+21+12+12.pdf\/82024aae-3b12-b5e2-6800-9fc7a939dd8b\" target=\"_blank\" rel=\"noopener\">Tax Agency Circular 48\/E of 21 December 2012<\/a><\/p><p><a style=\"background-color: var( --e-global-color-8321d3c );\" href=\"https:\/\/www.agenziaentrate.gov.it\/portale\/documents\/20143\/304251\/Risoluzione+27+19042013+Codici+Ivie+e+Ivafe_RIS+27E+DEL+19+APRILE+2013X.pdf\/592157b8-b57e-283a-adc9-d19c07195e3d\" target=\"_blank\" rel=\"noopener\">Resolution 27\/E 19 April 2013 &#8211; <\/a><span style=\"background-color: var( --e-global-color-8321d3c );\">tax payment codes<\/span><\/p><p><a href=\"https:\/\/www.agenziaentrate.gov.it\/portale\/web\/guest\/schede\/pagamenti\/imposta-sul-valore-degli-immobili-estero-ivie\/infogen-ivie\" target=\"_blank\" rel=\"noopener\">Tax Agency Website<\/a> (in Italian)\u00a0 &#8211; IVIE<\/p><p><a href=\"https:\/\/www.agenziaentrate.gov.it\/portale\/web\/guest\/schede\/pagamenti\/imposta-valore-att-estero-ivafe\/cosa-ivafe\" target=\"_blank\" rel=\"noopener\">Tax Agency Website<\/a>\u00a0(in Italian)\u00a0 &#8211; IVAFE<\/p><p><a href=\"https:\/\/www.agenziaentrate.gov.it\/portale\/documents\/20143\/4399868\/PF2_istr_2022_agg.pdf\/99847b55-d620-3978-5d90-6c2f9f57ffef\" target=\"_blank\" rel=\"noopener\">Tax Agency Instructions<\/a> for the compilation of the annual income tax return (FY 2022&#215;2021)<\/p><p>\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Increase in IVIE and IVAFE Starting from FY 2024, the rate of\u00a0 IVIE,\u00a0 the tax on the value of foreign (non Italian) real estate located abroad, will increase from 0.76% to 1.06%.\u00a0 This increase applies generally to all real estate situated outside Italy by a Italian tax resident.\u00a0 IVAFE, the tax on the value of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,54,92,128,143,156,727],"tags":[15,20,56,73,83,145,146,157,158,159,160],"class_list":["post-197","post","type-post","status-publish","format-standard","hentry","category-technical-resource","category-blog","category-real-estate","category-pensions","category-living-in-italy","category-wealth-tax","category-tax-guide-individuals","tag-italy","tag-tax","tag-italy-tax","tag-italian-tax","tag-guide","tag-wealth-tax","tag-tax-on-foreign-assets","tag-ivie","tag-ivafe","tag-foreign-assets","tag-financial-products"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Foreign Asset Reporting, Section RW, IVIE &amp; 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