Italy introduces 26% exit tax on wealthy individuals leaving the country

          <header>                                    <a href="https://cde.news/category/news/eur/mediterranean/italy/" target="_blank">Italy</a>                              <h2>Italy introduces 26% exit tax on wealthy individuals leaving the country</h2>                           </header>           <div>               <p><img src="https://cde.news/wp-content/themes/cde-news/assets/img/cde-news-mark.png" alt>                   <span>                      <span>cde.news desk</span>                      <span>                          <time datetime="2026-11-03T15:00:00+01:00">3 November 2026, 15:00</time>                            · 1 min read                        </span>                     </span>                 </p>                            </div>                              <figure>                    <span><img width="640" height="426" alt loading="lazy" decoding="async"   data-attachment-id="583609" src="https://cde.news/from-dubai-to-milan-tax-policy-drives-new-wave-of-elite-migration/pexels-photo-35707643/" data-orig-file="https://i0.wp.com/cde.news/wp-content/uploads/2026/04/pexels-photo-35707643.jpeg?fit=1880%2C1250&ssl=1" data-orig-size="1880,1250" data-comments-opened="1" data-image-title="pexels-photo-35707643" data-image-description data-image-caption="<p>Photo by Valeria Drozdova on <a href="https://www.pexels.com/photo/aerial-view-of-milan-skyline-featuring-duomo-35707643/" rel="nofollow" target="_blank">Pexels.com</a></p> " data-large-file="https://i0.wp.com/cde.news/wp-content/uploads/2026/04/pexels-photo-35707643.jpeg?fit=640%2C426&ssl=1"></span>                                        <figcaption>Photo by Valeria Drozdova on <a href="https://www.pexels.com/photo/aerial-view-of-milan-skyline-featuring-duomo-35707643/" rel="nofollow" target="_blank">Pexels.com</a></figcaption>                </figure>                       <div>                                         <p>Italy’s 2027 Budget Bill proposes a new exit tax on financial assets held by wealthy individuals and entities transferring their tax residence abroad, targeting unrealised gains accumulated while living in the country.</p>    <p>The measure applies to individuals, unincorporated partnerships and non-commercial entities holding financial assets worth at least €800,000, excluding bank deposits. Those affected must have been Italian tax residents for at least six of the previous 10 years.</p>    <p>The tax will be levied at 26% on financial income and capital gains accrued up to the date of departure, even if investments have not been sold. Government bonds benefit from a reduced taxable base of 48.08%.</p>    <p>Payment is generally due within 180 days of changing tax residence. However, those moving to another EU member state or a cooperating country may defer payment until assets are sold, subject to paying half the tax upfront and providing security.</p>    <p>The deferral applies for up to five years for EU moves and 10 years for eligible non-EU countries. If assets remain unsold beyond the applicable period, or the taxpayer returns permanently to Italy, the tax will not be due and provisional payments will be refunded.</p>    <p>The government estimates annual gross revenue of €6.74 million once fully operational, with €3.37 million expected in 2027. Potential refunds could reduce the long-term net revenue.</p>    <p>via FT</p>             </div>