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Any trader From Italy?
- Thread starter Big_M_Surfer
- Start date
Quote from Pasternak:
What if you set up a company and trade through that and pay yourself a yearly dividend? Must be quite difficult to argue that is business income. I am quite certain if you spend some money on an accountant this can be overdone.
Another thing: I thought the authorities in Italy was lax with income from abroad (in other words: noone really declared it.) Or are those times long gone?
It will be taxed as a dividend.
Income from abroad has to be declared, otherwise it will be taxed in the country where the money is coming from. To avoid this automatic taxation, you have to present a double taxation form, which has to be signed by your tax authority... Well tried...
thanks atorchio, but unfortunately i can´t speak or read italian.
are there any full time traders on finanzaonline who trade with foreign brokers? if yes what do they say about this tax issues?
can any italian confirm or correct the following statement:
is it true that when you file for a tax return in the beginning the italian irs only checks if it is filed out correctly and after aprox. one year you get a confirmation. the italian irs can still change your tax return 6 or 7 seven years after filing. the italian irs only audits the tax returns after the principle of contingency. only 2% percent of all tax returns get audited.
if the above is true then i think it is pretty safe to move to italy if you only want to stay for a few years. you pay your 12,5% in taxes, get a confirmation from the italian irs. your chance to get audited if you stay one year would be 2% , if you stay 2 years the chance would climb to 4% and so on. and if you would get audited and they try to classify you as a commercial business(45% tax) you still could fight them in court.
thanks for your answers
regards
ck9
are there any full time traders on finanzaonline who trade with foreign brokers? if yes what do they say about this tax issues?
can any italian confirm or correct the following statement:
is it true that when you file for a tax return in the beginning the italian irs only checks if it is filed out correctly and after aprox. one year you get a confirmation. the italian irs can still change your tax return 6 or 7 seven years after filing. the italian irs only audits the tax returns after the principle of contingency. only 2% percent of all tax returns get audited.
if the above is true then i think it is pretty safe to move to italy if you only want to stay for a few years. you pay your 12,5% in taxes, get a confirmation from the italian irs. your chance to get audited if you stay one year would be 2% , if you stay 2 years the chance would climb to 4% and so on. and if you would get audited and they try to classify you as a commercial business(45% tax) you still could fight them in court.
thanks for your answers
regards
ck9
What does the Italian irs specifically say about futures? Could 100+ trades a day still pass as capital gains for a private trader trading his own account? Would this be taxed at 7.5% or 12.5%? How would you declare all this? Would love to set up in Italy!
I want to rent a (cheap) house in Italy. Any good links?
You don't have to shout..!
Quote from nononsense:
What does the Italian irs specifically say about futures? Could 100+ trades a day still pass as capital gains for a private trader trading his own account? Would this be taxed at 7.5% or 12.5%? How would you declare all this? Would love to set up in Italy!
Me too.
Quote from ck9:
warning to all traders who want to move to italy who trade through a foreign broker:
several weeks ago a german trader contacted the ministry of finance in rome through a tax lawyer. he told them that he trades through a foreign broker, sole income source, and does several thousand trades a year. answer: in this case it is a business activity. tax rate 45% (maybe a little less because of a tax reform not long ago)
grey area.......
regards
ck9
True or not?
Quote from Wittgenstein:
I want to rent a (cheap) house in Italy. Any good links?
Ciao,
I might be able to help you: I've got some office spaces that will be up for rent very soon in Roncade (Treviso)-Venezia.
Some of those are hybrids and can be converted into flats.
They are located above arched terraces that form the "piazza", right in centro Roncade: location is very picturesque and still preserves its historic architecture.
30 kilometers from Venice and 200 form Milan; near mountains and sea. You can go ski to Le Dolomiti in 2hours drive. And you're half an hour away from the beaches of Lido di Venezia.