Monitoring ≠ always a wealth tax. RW is primarily disclosure. IVAFE/IVIE may apply on separate tests.
Searches for Quadro RW foreign bank accounts, IVAFE Italy, and IVIE foreign property spike after relocation.
When RW generally applies
Italian tax residents must report qualifying foreign financial assets and investments in Quadro RW when monitoring rules apply. Practitioner guides commonly highlight:
- €15,000 peak balance themes for foreign current accounts / deposits during the year
- €5,000 average balance themes for IVAFE on foreign current accounts — disclosure and tax can diverge
- Foreign real estate (IVIE), investments, and other holdings per AdE instructions
- CRS / automatic exchange — banks already report; RW is not “optional because foreign”
Full advisory map: Quadro RW, RT & transfers.
Official & reference sources
- AdE instructions Quadro RW / RT (Modello Redditi PF)
- Practitioner distinction €15,000 peak vs €5,000 average (D.L. 167/1990 themes)
- CRS context in dual-country planning literature