Italian compliance requirements for reporting foreign assets
Below are the slides of the Presentation to Democrats Abroad on 26 June 2017 covering tax reporting requirements. The rules require individuals who are tax resident in Italy to disclose investments in real estate and financial assets that they hold outside Italy. There are also taxes due on the capital value of these assets and on bank accounts, IVIE and IVAFE – see also our article on these taxes.
I miss information on the “solo monitoraggio”- box (20). Something has changed from 2013, some financial activities abroad are now exempt from Ivafe, but needs to be declared for monitoring. Difficult to decipher which activities are accepted for “solo monitoraggio”, and which are not.
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I miss information on the “solo monitoraggio”- box (20). Something has changed from 2013, some financial activities abroad are now exempt from Ivafe, but needs to be declared for monitoring. Difficult to decipher which activities are accepted for “solo monitoraggio”, and which are not.