The art. 16 of the Legislative Decree n° 147/2015 recognizes a tax benefit for UE citizens or Non-UE citizens (with a signed treaty to avoid double taxation between countries) who transfer their tax residence to Italy.
They must meet the following requirements:
• the workers must not have been resident in Italy in the 2 tax periods prior to the aforementioned transfer;
• these subjects undertake to reside in Italy for at least 2 years;
• the work activity must be carried out mainly in the Italian territory;
• have a university degree;
• have been continuously employed, self-employed or business activities outside Italy in the last twenty-four months or more or;
• have continuously carried out a study activity outside Italy in the last twenty-four months or more, earning a degree.
In the presence of the required conditions, the income from employment and the income from self-employment produced in Italy contribute to the formation of the total tax income limited to 30% of their amount (with a tax exemption therefore of 70%).
The preferential regime also applies to workers who set up a business activity in Italy only as individual entrepreneurs.