The New Italian Tax Regime for Inbound Workers: Has the “Bel Paese” Become Less Attractive for Inward Expatriates?

Italy has recently modified its favourable tax regime for inbound workers (impatriati), introducing several restrictions as regards the subjective, objective and temporal scope of the regime that apply as of 1 January 2024. The “impatriati” regime, which has been in operation since 2016 and the range of application of which was significantly extended in 2019, has proven effective in attracting foreign and Italian expatriates to transfer their residence (back) to Italy. In this article, the authors illustrate the changes made to the regime and evaluate their impact in the context of Italy’s current socio-economic situation.