Italy Lump-Sum

[blancmon229]

If you opt for the 100k lump sum in Italy, and in year 1 the profits are 2 million (so it is reasonable to pay the lump sum 100k tax), but in year 2 the profits are 200k , are you still required to pay the full lump sum of 100k in year 2 to the Italian authorities?

 

[backpacker]

If you opt for the 100k lump sum in Italy, and in year 1 the profits are 2 million (so it is reasonable to pay the lump sum 100k tax), but in year 2 the profits are 200k , are you still required to pay the full lump sum of 100k in year 2 to the Italian authorities?

Of course, it's a flat substitutive tax!
Read first to understand this SUBSTITUTIVE tax -> 100,000 FLAT TAX IN ITALY - Accounting Bolla

 

[blancmon229]

Thank you for the informative article. The aggressive tax office and extremely slow beaurocracy is pushing me toward the cyprus non dom instead.

 

[backpacker]

Thank you for the informative article. The aggressive tax office and extremely slow beaurocracy is pushing me toward the cyprus non dom instead.

Good decision.
CY is more reliable and, from a tax perspective, cheaper.