Benefits and Tax Breaks
“TREMONTI” TAX BREAKS (Law n. 122, May 31st 2010)
Main features
- It applies only to Staff working in scientific research (Researchers, Tenured, etc.);
- It is the most economically favorable fiscal benefit: it allows to pay income taxes only on 10% of the yearly gross income generated in Italy, for four consecutive fiscal years, starting from the calendar year in which you become fiscal resident in Italy (Note that being a resident for tax purposes means to be registered at the City Hall in Italy as a resident for at least 183 days within the same year);
- It applies to Staff who arrives/repatriates as Italian fiscal resident;
- If you move the residence outside Italy for more than 183 days during one of the four years of eligibility, you lose the right to receive the benefit for that year; the tax breaks enjoyed during the previous years do not have to be returned