Football icon Cristiano Ronaldo's transfer this summer to Juventus has not only excited the fans, but also sparked discussions about the tax implications of his transfer to the club. In particular, Ronaldo's move to the Turin club has drawn attention to the optional tax regime for new residents in Italy whereby a resident may opt to pay a single annual lump sum known as Flat Tax, which covers their entire annual income whether domestic or foreign.

This article by BĒS Associati partners Giorgio Marcolongo and Paolo Bifulco, a version of which also appeared in a recent copy of Rolling Stone magazine, expertly explores the nuances of Italy's new tax regime. Read on to discover more about the numerous features of the regime including what is, and indeed is not, covered by Flat Tax as well as the implications for other States. Details on application criteria and processes are also included.

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