Ready to Retire in Southern Italy and Not Pay Taxes for 10 Years?

Discussions are under way to determine whether the tax-free plan could repopulate Sardinia, Sicily and Calabria.

If the perks were right, would you consider spending your golden years in Italy’s southern region on sun-soaked shores?

While some think shipping off to an exotic location is unrealistic, parts of Sicily, Calabria and Sardinia are rolling out the welcome wagon, and making the idea of moving there even more attractive for prospective retirees, according to Travel + Leisure.

The Italian government is flirting with a proposal, put forth by the far-right coalition called The League, that would help repopulate these specific areas that have suffered severe population loss by offering people a chance to retire there and pay no taxes for a decade, Lonely Planet reported.

That’s right, 10 years.

The tax-free program would be open to both Italians and foreign nationals. Retirees would have to spend at least six months and a day in one of the three trial regions to qualify for the tax breaks, and the goal is to attract 600,000 people to southern Italy. Read more at Travel + Leisure.

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