Italy's fiscal decree restores the non-cumulation rule for inbound workers and the high net worth individuals regimes

In our previous article , we examined the 19 December 2025 Ruling of the Italian Revenue Agency, which allowed the concurrent application of (i) the Inbound Workers Regime (“IW Regime”) on Italian-source employment/self-employment income under Art. 5 of Legislative Decree No. 209 of 2023 and (ii) the High Net Worth Individuals Regime (“HNWI Regime”) on foreign-source income and assets under Art. 24-bis of the Income Tax Code, for eligible individuals transferring their tax residence to Italy.... By: Hogan Lovells