Taxes & Money in Italy, Explained Visually

Moving to Italy means understanding what happens to your income, savings, property and everyday banking.

These visual guides help you identify the questions to answer before moving, understand the paperwork and prepare for your first Italian tax return.

1. When Do You Become an Italian Tax Resident?

Understand the different tests for Italian tax residency. Learn why counting days is only part of the picture, and why the year your residency begins matters.

2. What Income Can Italy Tax?

Explore how Italian tax residency can affect income from around the world. Understand why pensions, rental income, dividends and employment income may receive different treatment.

Get the ultimate Italy Tax Guide

3. Italian Income Tax: How IRPEF Works

See how progressive tax brackets work and why your highest rate does not apply to every euro. Learn where deductions, tax credits and regional or municipal additions fit.

4. Tax Treaties & Double Taxation

Understand how treaties help determine which country can tax particular income. Learn why a treaty does not automatically remove every filing obligation or foreign tax bill.

5. Pensions & Retirement Accounts

Explore the questions to ask about state pensions, workplace pensions and private retirement accounts. Check how withdrawals, lump sums and accounts considered tax-free at home may be treated in Italy.

6. The 7% Pension Tax Regime

Understand who may qualify, which locations are eligible and what income the regime can cover. Check the conditions before making it part of your retirement budget.

7. Declaring What You Own Abroad

Learn when overseas accounts, property, investments and crypto may need reporting. Understand the difference between declaring an asset and owing tax on it.

8. Taxes on Foreign Property & Financial Assets

Get familiar with IVIE, IVAFE and the separate rules affecting different overseas assets. Understand why valuations, exemptions and foreign tax credits need careful attention.

9. Opening & Using a Bank Account

Explore account options, common documentation requests and everyday banking costs. Compare the services you need for bills, cards, transfers and managing money from abroad.

10. Moving Money & Exchanging Currency

Understand the costs behind international transfers and currency conversion. Compare fees, exchange rates and the amount that actually reaches your account.

Use Wise to move money worldwide:

11. Your First Italian Tax Return

Learn which records to collect and what to discuss with your accountant. Prepare for reporting income, foreign assets and any continuing obligations in another country.

12. Your Financial Checklist Before Moving

Bring your arrival plans, pensions, investments and major transactions into one organised review. Identify the decisions that need attention before your Italian tax residency begins.

Put Your Italy Plan Together

Taxes connect to your visa, healthcare, housing and monthly budget. The Italy Retirement Blueprint helps you bring those decisions into one practical plan.

Need advice about your own circumstances? Email ori@italyblueprint.com for a referral to the cross-border Italian tax specialists I work with personally.