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Old 26th April 2019, 03:11 PM
katoom katoom is offline
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Users Flag! Originally from usa. Users Flag! Expat in italy.
Default Reporting Requirements for Money Transfers?

Howdy!

I cannot remember where, nor in what context, but at some point I seem to recall that if one makes non-trivial transfers of money into or out of Italy that this must be reported in some fashion. Up to this point for us these have been wire transfers from the USA into Italy for a real estate purchase and associated expenses. Although we have no immediate plans for transfers from Italy into the USA I seem to recall that this too has some kind of "special" procedure.

Any insights would be very welcome as I have not yet found anything on the Agenzia Entrate web site. Of course this could easily be because some other bureaucracy handles this similar to the FinCEN/FBAR nonsense for US citizens with foreign financial accounts.

Thanks!
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