British Expats

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- Italy (https://britishexpats.com/forum/italy-77/)

- - Taxes (https://britishexpats.com/forum/italy-77/taxes-926110/)

Accetturese

Jun 30th 2019 10:36 pm

Taxes

We have been assured by our local accountant that, since we have no Italian income, we do not have to pay any tax here.
I think she is wrong - we sold our UK house and I took early retirement, paid monthly into our English bank, so we have money in the bank from the house sale and an income.
Do I need to look for a more qualified accountant, or is she correct?

Margaret M

Jul 1st 2019 4:34 am

Re: Taxes

I think you need a better accountant.

Capo Boi

Jul 1st 2019 7:22 am

Re: Taxes

Depends if you are resident or not? What is your status? If you are non resident then your accountant is correct. If you are a resident which reading some of your back posts suggest then definitively as Margaret says find a new accountant. Their guidance is 100% incorrect.

Garbatellamike

Jul 1st 2019 8:51 am

Re: Taxes

Quote:

Originally Posted by Capo Boi (Post 12705241)

Depends if you are resident or not? .

This is the key point...

philat98

Jul 1st 2019 9:38 am

Re: Taxes

I received the same advice. Since you only arrived in Italy in July 2017 you would probably only owe tax for 2018. I would start preparing your documentation now and look for an accountant in September when they get back from their holidays. There is not much of a fine for late payment. Ask the accountant what their hourly rate is.

Accetturese

Jul 1st 2019 5:56 pm

Re: Taxes

Thanks all for the help.

nicktonight

Jul 1st 2019 11:14 pm

Re: Taxes

Are you in a town of less than 20,000 inhabitants in the south of Italy? - if so you may qualify for a special low "flat tax" for foreign pensioners who transfer there.
https://quifinanza.it/pensioni/pensi...italia/279477/

Geordieborn

Jul 21st 2019 10:05 pm

Re: Taxes

Quote:

Originally Posted by nicktonight (Post 12705467)

Good thing about this is that it covers Abruzzo:thumbsup:, but you still would need to be getting over 22000 to be better off than having a UK allowance:blink:

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