The Italian Parliament has approved the Budget Law 2021, and There are several measures of interest to Italians abroad.
Foster cultural and economic relations between Italy and Italians abroad. This is the basic premise for the resources that will be invested throughout this year.
Lower tax for Italians abroad
The first measure concerns the 50% reduction in IMU (Single Municipal Tax, paid by owners of built areas and land) and 1/3 of the TARI (tax related to garbage collection and waste disposal services), for Italians who have a house in Italy, but live abroad.
Additionally, property owners in Italy who live abroad will be able to apply to receive bonuses for home renovations.
More money for Committees
Nine million euros will be allocated to the restructuring of the representative bodies of the Italian community, Comites, and the CGIE (General Council of Italians Abroad), which provides for the experimental implementation of electronic voting.
Incentive for highly qualified professionals
There are tax incentives – 5 + 5 years – for highly qualified professionals, not registered with AIRE, who wish to return to Italy. The proposal for the “return of the brain” provides special income and property conditions.
Promotion of the Italian language abroad
The new budget law also provides for almost 135 million euros over the next three years for promoting the Italian language and culture abroad.
Incentive for return tourism
The creation of a fund to encourage “return tourism” was also highlighted in the budget law.
With about 80 million residents abroad and their descendants, this type of tourism is thought of as a great resource for Italy.
There is also support for Made in Italy and the internationalization of companies through the Italian Chambers of Commerce abroad, ICE and ENIT.
Restaurant sector with italian brand in the world should also receive incentives – one million euros per year, for the next three years.
Finally, bad news for Italian schools abroad with less than 300 students: they will lose autonomy and financial incentives.
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