Overview

• Lega lawmaker Giulio Centemero says changes under study for the upcoming budget would require minimum investments in Italy to access the flat tax for foreign ultra‑rich residents.
• Options cited include equity in Italian companies listed on Euronext Growth Milan, units of collective investment funds, long‑term BTPs, stakes in startups, or contributions to research foundations.
• The regime, introduced in 2017 and extended to 15 years, charges €200,000 annually on foreign‑source income since 2025, has an add‑on of €25,000 per family member, and has drawn over 4,000 beneficiaries.
• Corte dei Conti reports about €315 million in receipts and 706 new requests in 2024, while the tax agency says it lacks data on covered foreign income and the ordinary tax otherwise due.
• Government backing remains unclear after Economy Minister Giancarlo Giorgetti said he was unaware of such plans, and tax experts warn mandatory investment rules could curb new arrivals.