Budget: the tax on super-rich individuals leaving Italy is also included. Here’s who pays and how much.

The new budget introduces an 'exit tax' targeting financial gains accumulated in Italy by individuals relocating abroad. This tax applies to those with financial assets over €800,000 and requires residency in Italy for at least 6 of the last 10 years. The standard tax rate is 26% on financial income and capital gains, with a reduced rate for government bonds. Payment is typically due within 180 days of relocation, but can be deferred for EU or cooperative countries until the assets are sold. If not sold within specified periods, the tax is waived. The government estimates a gross annual revenue of €6.74 million from this tax, affecting about 73% of Italy's financial wealth holders.