Italy’s flat tax regime for high-net-worth individuals allows wealthy foreign residents to pay €300,000 annually on all foreign-sourced income, regardless of amount. The rate was increased from the previous €200,000 level as part of Italy’s 2026 budget plan. This regime, introduced in 2017, has made Milan and Rome particularly attractive to international buyers seeking favorable tax treatment. Our team regularly advises clients on how this flat tax coordinates with their property acquisition strategy and residency planning in Italy’s luxury markets.