IVAFE — work out the Italian tax on financial assets held abroad
IVAFE is 2 per thousand of the value of financial products held abroad, in proportion to your share and how long you held them: 100,000 euros held all year costs 200 euros, or 400 in a preferential tax jurisdiction. Each foreign current or savings account costs a flat 34.20 euros instead, but nothing is due if the average annual balance with the same provider does not exceed 5,000 euros.
2026 rules — verified on September 24, 2026Free, no account
This content is part of the path: Investing and declaring financial income· Step 8 of 10· Next step: Italian section RW: tax monitoring of foreign investments and accounts
This content is part of the path: Moving back to Italy to work· Step 5 of 8· Next step: IVIE — work out the Italian tax on property held abroad
Your result
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Sources and assumptions
- Agenzia delle Entrate — tax year 2026, verified on September 24, 2026
Excerpt from the source : « L’imposta, calcolata sul valore dei prodotti finanziari e dovuta proporzionalmente alla quota di possesso e al periodo di detenzione, è pari al 2 per mille. »
- Agenzia delle Entrate — tax year 2026, verified on September 24, 2026
Excerpt from the source : « dal 2024 l’imposta è stabilita nella misura del 4 per mille annuo (legge di bilancio 2024 – articolo 1, comma 91, lettera b) »
- Agenzia delle Entrate — tax year 2026, verified on September 24, 2026
Excerpt from the source : « l’imposta è stabilita nella misura fissa di 34,20 euro per ciascun conto corrente o libretto di risparmio detenuti all’estero (100 euro per i soggetti diversi dalle persone fisiche) »
- Agenzia delle Entrate — tax year 2026, verified on September 24, 2026
Excerpt from the source : « L’imposta non è dovuta quando il valore medio di giacenza annuo risultante dagli estratti conto e dai libretti non è superiore a 5.000 euro. »
Calculation assumptions
- The taxpayer is an individual: the flat amount for other taxpayers is not calculated.
- The holding period is measured in days over the calendar year; the Agenzia's page does not set the unit.
- The flat 34.20 euros per account is scaled to your share and to the days held, like all of IVAFE (art. 19, paragraph 19, Decree-Law 201/2011); the accounts entered share the same share and period, otherwise run one calculation per group. With several providers, run one calculation per provider, since the 5,000 euro threshold is checked provider by provider.
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This result is provided for information purposes only and does not constitute personalised tax advice. Check your situation with the tax authorities or a professional.