I am not sure where you got that from. If the pension is exempt under the double taxation treaty, having queried that with the agenzia delle entrate and having asked specifically if it had to be declared in any shape or form over here and if a tax return needed filling in the answer was no as it falls under DT in our case article 18

I have had the same advice as you, clint but I understand it only applies to pensions viewed as 'government' pensions - ie civil service and local authority. It doesn't apply to other pensions including the state pension and private pensions.

That's correct Ruby that's why OH pension comes under art 18

Re: Withholding tax
Quote:
Originally Posted by clint
'I am not sure where you got that from. If the pension is exempt under the double taxation treaty, having queried that with the agenzia delle entrate and having asked specifically if it had to be declared in any shape or form over here and if a tax return needed filling in the answer was no as it falls under DT in our case article 18'
,I have had the same advice as you, clint but I understand it only applies to pensions viewed as 'government' pensions - ie civil service and local authority. It doesn't apply to other pensions including the state pension and private pensions.'

Clint, Ruby2. I agree with you as far as government service pensions are concerned.

Defined as: and I quote:

'Pensions paid for former employment with the H M Forces, Civil Service and Foreign and Commonwealth Office are all regarded as Government Service Pensions'

Maybe I should have been clearer but I was really talking about non government pensions.

However, as the proposals stand it is likely that even for government pensions paid into an Italian bank account you will still have to sign an auto declaration otherwise withholding tax will be deducted.

There was a time when most of us thought we were going to live a pleasant and relaxed life, good food, good vino and then the Evil Bureaucracy ....

The decree is unworkable as it stands , it is not clear which payments are liable and which not , the banks are supposed to administer and collect ( rather like the Italian Tobin tax ) at short notice and many do not have the means to do so automatically especially if SEPA payments are considered . There will have to be some way of making the tax declaration and applying the exemptions , plus time and money spent checking those as well , it's crazy perhaps Renzi will get rud of it ?

If there's going to be a declaration form to fill in I'd like to see what it says, or if there isn't, what someone's supposed to declare.

Here's something from zerohedge:

http://www.zerohedge.com/news/2014-0...-all-inbound-m

My advice would be to stop getting in a lather - if you transfer money between now and whent he law is abrogated, just make sure you tell the receiving bank where it comes from before you make the transfer.

What about money from the sale of a house?

I am not in Italy at the mo and am trying to work through the complicated issues of IVIE so had sort of provisionally decided that I'd sell up before moving to Italy.

But then will they want 20 per cent of that money?

http://www.ansa.it/web/notizie/colle..._10090559.html

Thank you for that Sancho.

So reading that, the Italian state would take 20 per cent of the sale price of my house?

I realise that this law may be subject to review, but since it appears to be pre-emptive and the money will be taken first, I have no intention of getting into that and dealing with a load of bureaucrats determined to source funds to keep their office going.

Is there any legitimate way round this such as selling up while still a UK tax resident and then bringing the money in?

Surely they wouldn't take 20 per cent of money you were bringing into the country?

If it were so this would not only seem to be incredibly unjust on so many levels but also contrary to any conceivable Italian self interest.

ok folks, I receive a U.K. state pension which is taxed in U.K. and sent direct to my Italian bank, how do I stand?

I phoned our bank yesterday and they didn't know anything about it so went to my local branch in person and spoke to one of the guys there and he confirmed we need to do an auto certificazione

Presumably you currently have a non resident Italian bank account? If this is the case then the 20% would not apply, as I understand it, the deduction can only be made from italian resident accounts.

Just phoned my bank about my payments from outside Italy and was told that the 20% withholding tax will soon be applied. Apparently they havn't applied it yet as they are waiting for people such as myself with a "partita IVA" to send in their "autocertificazione" of exemption. I would be very grateful it someone could give me a link to a template "autocerticazione" with the correct legal references etc.