Art. 5 of the “Growth Decree” (Decree Law of April 30, 2019, No. 34, converted by law on June 28, 2019, No. 58) provides important fiscal incentives for those citizens residing abroad (workers, teachers, researchers, pensioners, sportsmen) and foreigners with substantial assets who are willing to reside in Italy.
The effective application of the benefits depends on the personal situation of each tax payer.
For further information, please consult the Italian Income Agency (Agenzia delle Entrate) website: https://telematici.agenziaentrate.gov.it/portal/