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Return to work in Italy after a period abroad guarantees a series of tax advantages, but what requirements are needed to take advantage of it?

From 2024, with the news of the tax reformaccessing benefits has become more complex and concessions they have become weaker. But returning remains advantageous: in the presence of specific conditions, such as the commitment to remain in Italy and a high qualification or specialization, the tax base is halved.

In other words the taxes to be paid are calculated on the half of the amount of earned income produced: an overview of the system of rules on which the new regime for ipatriates.

Impatriate regime 2024: requirements and benefits

According to data from the Italians in the World 2023 Report of the Migrantes Foundation, there are approximately 6 million citizens living abroada figure that has been growing steadily since 2006.

For owners of income from employmentOf assimilated incomes to those employed, of self-employment income which derive from the exercise of arts and professions, in the event of transfer of residence to Italy, a reduction of the tax base by 50 percent, within the annual limit of 600,000 euros. It is there that predicts itArticle 5 of Legislative Decree number 209 of 2023.

You have the right to concessions for 5 years in compliance with the following points:

● you must meet requirements high qualification or specialization;

● you must stay in Italy for at least four years and work mostly in the area;

● the period abroad must have had a duration of at least 3 years, which increases if the worker continues working with the same employer he worked with before the transfer:

– are required six years if the worker has not previously been employed in Italy with the same person or with a person belonging to the same group as him;

– seven years, if the worker, before moving abroad, was employed in Italy with the same person or with a person belonging to the same group as him.

They can access the vadvantages of the ipatriated regime both those who have been registered with AIRE, Registry of Italians Resident Abroad, and those who have had residence in another State with a convention against double taxation.

The reduction of the tax base, on which the taxes to be paid are calculated, becomes more advantageous for those who have minor sons or daughters, also residing in Italy: for parents we arrive at 60 percent. And the increase also applies to births or adoptionsi during the period of enjoyment of the benefits.

Between the old and the new ipatriate regime: the requirements for extending the benefits

The text of the decree implementing the tax reform with the news for female and foreign workers which was approved in preliminary examination by the Government last October provided even stricter rules which marked a clear break with the previous structure.

The old system was characterized by a greater generositythe reduction of the tax base reached 70 percent for example, and from one greater opening on the potential audience of beneficiaries.

Also for this reason, a measure has been envisaged that acts as a bridge between the old and new regime for those who had chosen to move to Italy, taking into account the benefits in force in 2023.

In case of transfer of registered residence during 2024the workers they have become homeowners by 31 December 2023, or in any case in the twelve months preceding the transfer, can benefit from one extension of the reduction of the tax base by three years.