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[email protected]
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Documento senza titolo
Italy-USA
bilateral treaty
In
1985, Italy and the USA, signed a special convention to
avoid double taxation on taxable income.
The basic
principle is that income tax should be paid in the country where income is
produced and the amount paid should generate a tax credit for the investor
in their country of origin.
In the
case of real estate investments, the law stipulates that income from real
estate property abroad is accumulative in the calculation of a resident's
overall taxable income (IRPEF). For example, if the income generated by leasing
property abroad is subject to taxation according to the laws of the foreign
country, then the taxpayer should declare the same amount on their Italian
tax return and receive a tax credit equal to the amount of tax paid abroad.
USA legisltion
tends to be rewarding of investors including in taxation law, therefore,
there are various tax options available.
In our
opinion, the best solution should be "custom-tailored" to the actual needs
of each individual investor.
We believe
that our team of consultants will be able to meet your needs.
Please
contact us.
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