Tax Compliance & Reporting for Foreign Individuals

Once you become a tax resident in Italy, you are required to comply with a series of annual tax reporting obligations that go well beyond the mere declaration of Italian income. Foreign individuals — particularly those with global income sources or assets abroad — face a complex and detailed compliance framework. Our firm provides tailored assistance to ensure that you remain fully aligned with Italian tax law while avoiding common pitfalls.

We support individuals across all phases of the compliance process, with a particular focus on residents who:

Have income earned or received outside Italy;
Hold foreign bank accounts, securities, real estate, or other financial investments;
Have complex asset structures, such as trusts or foreign partnerships;
Are subject to international tax transparency frameworks (e.g., FATCA, CRS).

Annual Tax Return (Modello Redditi)

We prepare and file your annual Italian income tax return, which includes:

All income earned both in Italy and abroad (employment, self-employment, pensions, dividends, interest, capital gains, rental income);
Application of foreign tax credits to avoid double taxation, where applicable;
Deductible expenses and allowances;
Payment calculation for IRPEF (personal income tax), regional and municipal surcharges.

We also handle late filings, amendments, and refunds, ensuring accuracy and transparency throughout the process.

Foreign Asset Reporting (Quadro RW & Wealth Taxes)

Italian tax residents are required to report all assets held abroad using the Quadro RW, a specific section of the tax return. We assist with:

Full mapping of foreign accounts, securities, shares, crypto assets, and real estate;
Calculation of IVAFE (wealth tax on foreign financial assets) and IVIE (wealth tax on foreign real estate);
Advice on reporting thresholds, exemptions, and valuation methods;
Coordination with foreign financial institutions where documentation is required.

Failure to comply with these rules can result in significant penalties. We ensure your position is regularized and well-documented.

Ongoing Support & International Coordination

In a cross-border context, tax compliance cannot be approached in isolation. We work closely with your existing advisors (or recommend qualified international partners) to align your Italian filings with your obligations abroad. This is particularly important for:

Dual residents or individuals moving between countries;
Those benefiting from international tax regimes (e.g., non-dom status, foreign tax shelters);
Clients needing clarification on treaty interpretation or residency disputes.

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