Italian citizenship experts explain more about how the duo Italian citizenship interferes with tax payment in Brazil and Italy.
A topic that raises many doubts for those who have recently conquered Italian citizenship or are looking for a double citizenship is taxes in Italy. Therefore, the experts of Italian citizenship of Italian citizenship Take this fundamental theme for the Italian-Descendants.
As in Brazil, the main tax intended for people in Italy is the federal income tax. It is known how Imposed south repaired of physical personalities (Irpf) and its value are variable, depending on the citizen’s income level. In addition, several Italian regions also have regional taxes and some municipalities have costs of taxes or sales. Italy also charges taxes on capital gains, inheritance, properties and sales of goods and services. Each tax has its own rules and definitions.
However, the most important point for most of them: these taxes are paid only by those who have a tax residence declared in Italy.
What is the tax residence
What defines the payment or not of taxes in Brazil and in Italy is the tax residence. However, it does not interfere with all taxes, but in those such as income tax and some regional or municipal taxes. As explained by Ana Paula Sosnoski, sales coordinator of Italian citizenship“However, for the citizen of having full clarity of what will be paid and keeping the tax situation updated, it is always important to have the help of tax specialists”.
If a person resides in Brazil permanently or has completed 184 days, consecutive or not, of stay in the country, in a period up to twelve months, is considered resident at a tax level.
In Italy, understanding is similar to the Brazilian. Italian legislation determines that anyone who resides in Italy for more than 183 days in a fiscal year or that it has the center of their economic interests in the country, is considered tax resident.
Double -tax agreements between Brazil and Italy
To prevent citizens, including those with double nationalities, they have the same income tax in Brazil and Italy, the countries have double taxation. Therefore, the income taxed in Brazil can be deducted from the declaration in Italy and vice versa. In addition to including individual taxes, the agreement works for companies with a tax regime that avoids the double taxation of profits, dividends, interests and royalties.
Individual income tax in Italy
For those who have double citizenship And they fall in the definition of Italian tax resident, it does not necessarily say that Irpf will be necessary to pay. The sales coordinator of Nostrai underlines that the Italian tax regime provides for the exemption of the declaration in some cases:
– for those who have an annual performance of a source of work or retirement up to 8,500 euros;
– for those who have an annual performance from other sources lower than 7,500 euros and declared by Ass (Unique certification);
– Pensioners who have already had the tax held at the source;
– Receive entry from food paid by the spouse, if less than 8,500 euros – the calculation excludes foods for children.
Those who do not adapt to these categories will have to pay the tax in Italy. For this, you can choose to declare through the Model 730the most common or through the Model Personal Personal Persons.
AIRE updated: the document informs the residence abroad
For citizens with double nationality residing in Brazil, Ana Sosnoski explains that the easiest way to maintain the Italian government aware of the residence abroad is through AIRE update.
Aire, acronym for “Italian registry office residues in Inter”It is a mandatory record maintained by the Italian government. The document performs the function of listing all Italian citizens who reside abroad for more than 12 months.
With the address Updated on AireThe citizen not only performs a duty, but also has access to the rights guaranteed by the constitution of Italy, regardless of the country of the current residence. To register with Aire or update it, you need to access the fast portal. However, the registration does not end on the site: after completing the online registration, it is necessary to send the correct documentation to the consulate responsible for the region of residence, which in turn will also be information to the Municipality for validation.
“This process can be bureaucratic. Therefore, having the support of an expert company to record the Italian Aire gives more tranquility and safety,” concludes Ana.
Website: https://www.nostrali.com.br/
Source: Terra
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