I wonder if it's better to stick with tax residency in Italy under the flat tax regime, even if was just increased to €200,000, or if it's more beneficial to switch to an Italian golden visa program in terms of tax implications and overall benefits? What are the tax implications if I change from the flat tax regime to the residency visa?
The 2 programs, the flat tax and the golden visa, are not alternatives and concern different issues. The first one is a tax regime that a new Italian Resident can opt for, and the second is a way to obtain a national visa and acquire the right to live in Italy or enter Italy without any restriction. However, obtaining a golden visa does not exempt you from choosing an Italian tax regime, as Italy is your primary place of residency.
The flat tax regime is a beneficial tax regime that only concerns taxes to be paid in Italy by those who are fiscal residents in the country. A visa and residence permit, on the other hand, are the titles of stay that allow a non-EU national to stay and reside in Italy, but they are not a tax regime.
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