The budget law measures provide for:
The new regime, once elected, is available from fiscal year 2017 and will apply for 15 years. The election for the special tax regime can be revoked at any time, and the special regime tax treatment will terminate immediately if any tax is not paid, or is only partially paid, by the due date for remittance of the tax.
Procedures to implement the new regime are expected to be provided in a circular from the Italian tax authorities once the budget law is enacted.
Read a January 2017 report [PDF 176 KB] prepared by the KPMG member firm in Italy: Non-domiciled residents
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