Taxes

Thread Tools
 
Old Jul 1st 2019, 10:36 am
  #1  
Forum Regular
Thread Starter
 
Joined: Nov 2016
Posts: 157
Accetturese has a reputation beyond reputeAccetturese has a reputation beyond reputeAccetturese has a reputation beyond reputeAccetturese has a reputation beyond reputeAccetturese has a reputation beyond reputeAccetturese has a reputation beyond reputeAccetturese has a reputation beyond reputeAccetturese has a reputation beyond reputeAccetturese has a reputation beyond reputeAccetturese has a reputation beyond reputeAccetturese has a reputation beyond repute
Default 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?
Accetturese is offline  
Old Jul 1st 2019, 4:34 pm
  #2  
BE Enthusiast
 
Joined: May 2007
Posts: 784
Margaret M has a reputation beyond reputeMargaret M has a reputation beyond reputeMargaret M has a reputation beyond reputeMargaret M has a reputation beyond reputeMargaret M has a reputation beyond reputeMargaret M has a reputation beyond reputeMargaret M has a reputation beyond reputeMargaret M has a reputation beyond reputeMargaret M has a reputation beyond reputeMargaret M has a reputation beyond reputeMargaret M has a reputation beyond repute
Default Re: Taxes

I think you need a better accountant.
Margaret M is offline  
Old Jul 1st 2019, 7:22 pm
  #3  
BE Enthusiast
 
Joined: May 2010
Posts: 538
Capo Boi has a reputation beyond reputeCapo Boi has a reputation beyond reputeCapo Boi has a reputation beyond reputeCapo Boi has a reputation beyond reputeCapo Boi has a reputation beyond reputeCapo Boi has a reputation beyond reputeCapo Boi has a reputation beyond reputeCapo Boi has a reputation beyond reputeCapo Boi has a reputation beyond reputeCapo Boi has a reputation beyond reputeCapo Boi has a reputation beyond repute
Default 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.

Last edited by Capo Boi; Jul 1st 2019 at 7:31 pm.
Capo Boi is offline  
Old Jul 1st 2019, 8:51 pm
  #4  
Dunroaming back in UK
 
Joined: Mar 2012
Location: Expat in Yorkshire now
Posts: 11,295
Garbatellamike has a reputation beyond reputeGarbatellamike has a reputation beyond reputeGarbatellamike has a reputation beyond reputeGarbatellamike has a reputation beyond reputeGarbatellamike has a reputation beyond reputeGarbatellamike has a reputation beyond reputeGarbatellamike has a reputation beyond reputeGarbatellamike has a reputation beyond reputeGarbatellamike has a reputation beyond reputeGarbatellamike has a reputation beyond reputeGarbatellamike has a reputation beyond repute
Default Re: Taxes

Originally Posted by Capo Boi
Depends if you are resident or not? .
This is the key point...
Garbatellamike is offline  
Old Jul 1st 2019, 9:38 pm
  #5  
BE Forum Addict
 
philat98's Avatar
 
Joined: Nov 2011
Location: Central Italy
Posts: 3,660
philat98 has a reputation beyond reputephilat98 has a reputation beyond reputephilat98 has a reputation beyond reputephilat98 has a reputation beyond reputephilat98 has a reputation beyond reputephilat98 has a reputation beyond reputephilat98 has a reputation beyond reputephilat98 has a reputation beyond reputephilat98 has a reputation beyond reputephilat98 has a reputation beyond reputephilat98 has a reputation beyond repute
Default 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.
philat98 is offline  
Old Jul 2nd 2019, 5:56 am
  #6  
Forum Regular
Thread Starter
 
Joined: Nov 2016
Posts: 157
Accetturese has a reputation beyond reputeAccetturese has a reputation beyond reputeAccetturese has a reputation beyond reputeAccetturese has a reputation beyond reputeAccetturese has a reputation beyond reputeAccetturese has a reputation beyond reputeAccetturese has a reputation beyond reputeAccetturese has a reputation beyond reputeAccetturese has a reputation beyond reputeAccetturese has a reputation beyond reputeAccetturese has a reputation beyond repute
Default Re: Taxes

Thanks all for the help.
Accetturese is offline  
Old Jul 2nd 2019, 11:14 am
  #7  
BE Enthusiast
 
Joined: Aug 2010
Location: Palermo Sicily
Posts: 375
nicktonight has a reputation beyond reputenicktonight has a reputation beyond reputenicktonight has a reputation beyond reputenicktonight has a reputation beyond reputenicktonight has a reputation beyond reputenicktonight has a reputation beyond reputenicktonight has a reputation beyond reputenicktonight has a reputation beyond reputenicktonight has a reputation beyond reputenicktonight has a reputation beyond reputenicktonight has a reputation beyond repute
Default 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/
nicktonight is offline  
Old Jul 22nd 2019, 10:05 am
  #8  
BE Forum Addict
 
Joined: Oct 2016
Location: Ex Teramo, Abruzzo
Posts: 1,216
Geordieborn has a reputation beyond reputeGeordieborn has a reputation beyond reputeGeordieborn has a reputation beyond reputeGeordieborn has a reputation beyond reputeGeordieborn has a reputation beyond reputeGeordieborn has a reputation beyond reputeGeordieborn has a reputation beyond reputeGeordieborn has a reputation beyond reputeGeordieborn has a reputation beyond reputeGeordieborn has a reputation beyond reputeGeordieborn has a reputation beyond repute
Default Re: Taxes

Originally Posted by nicktonight
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/
Good thing about this is that it covers Abruzzo, but you still would need to be getting over 22000 to be better off than having a UK allowance

Geordieborn is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service -

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.