Increase of the Italian estate taxes on foreign assets
Law no. 2013 of 30 th December 2023 (Budget law for 2024) provided for an increase in estate tax rates on foreign properties. In particular, IVIE’s rate increases from previous 0,76% to 1,06%; IVAFE’s rate increases from the previous 0,2% to 0,4%, but only with respect to financial products held in blacklisted Countries.