Economy and macroUpdated November 3
Italy’s draft 2027 budget proposes a 26% tax on qualifying residents’ unrealized gains.
Italy’s Council of Ministers approved a draft 2027 budget on Oct. 28, and the proposed exit tax is part of that bill. It remains a proposal, not an enacted tax. Under the measure, a 26% levy would apply to unrealized capital gains for people with assets of at least €800,000 who move their tax residence abroad, provided they were Italian tax residents for six of the 10 years before departure. The proposal therefore does not apply to everyone who leaves Italy. Al Arabiya’s account outlined the threshold and residency conditions. Al Jazeera Arabic reported experts’ warning that the measure could deter business investment, while Al Arabiya cited concerns from wealth advisers and lawyers about Italy’s appeal. These are potential effects, not established outcomes.
Coverage started November 3