Tax benefit for professional sportsmen

Benefits

Income from employment generated by professional sportsmen who move their tax residence in the territory of the Italian State is 50% exempt.
A special contribution of 0.5% is due on the taxable base of the income earned in Italy to support young athletes.

Conditions

In order to apply this tax regime, the following conditions must be met:

• the sportsman has not been resident in Italy during the two tax periods preceding the transfer;
• the sportsman undertakes to reside in Italy for at least two years;
• the work activity is carried out mainly in the Italian territory.

If the above conditions are met, can apply this tax regime only sportsmen who:

• reached the age of 20 years old;
• are engaged in disciplines recognized by the Italian National Olympic Committee (CONI) in which the national sports federations and professional leagues have achieved professional qualification:
• by 1990. In this case, only sportsmen whose total income exceeds 1 million euros are eligible for this tax regime;
• after 1990. In this case, only sportsmen whose total income exceeds 500,000 euros are eligible for this tax regime.

Duration

The benefit is due from the year in which the residence for tax purposes is acquired and for the following 4 years (5 years in total).