Cost categories for a solo person
I bucketed my costs into the following categories, keeping in mind that I already lived in Europe and my cats already had their vaccines and pet passports from previous moves:
The breakdown, in Euros
How soon will I recover these costs?
Italy has a tax scheme for new or returning residents where for 5 years (and sometimes 10) you are only taxed on 30% of your income (or 10% if you live in some of the most southern cities).
Click here to learn more about the tax scheme.
In my previous country of residence, my annual effective tax rate was 40%. Now in Italy it will be around 10-15%. I will earn back the costs of my move in my first year living in Italy simply based on the reduction in my tax rate.
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