In recent years, Italy has created a number of favorable taxation regimes to try to become one of the EU’s leading countries for foreign investment. Pursuant to a series of new amendments, the country’s package of special taxation schemes has now been widened in an attempt to attract (a) inbound workers and (b) new residents (principally high net-worth individuals “HNWIs“), who are willing to relocate to Italy to either work or enjoy the quality of life.
The sports industry is well positioned to take advantage of the new regimes if participants are able to leverage their geographic flexibility. It could offer particular benefits to athletes, coaches, technical and sport managers, trainers, and others in the sector.
The article (attached) – written for and originally published on LawInSport – offers insights on how sportspersons could benefit of the following options:
– the special regime for “inbound workers”;
– the special regime for “new residents“.