Italian resident taxpayers are required to report to the Italian tax administration their foreign financial investments and assets, which can generate foreign-source income subject to tax in Italy. They report their foreign investments by filling out a special part of their annual income tax return referred to as form RW.

This form is also used for the payment of IVIE (Tax on property held abroad) and IVAFE (Tax on financial assets held abroad, even if one has the mere availability of such assets). For example, all co-owners of a checking account must complete the RW form.

Italian resident taxpayers are required to report to the Italian tax administration their foreign financial investments and assets, which can generate foreign-source income subject to tax in Italy. They report their foreign investments by filling out a special part of their annual income tax return referred to as form RW.

This form is also used for the payment of IVIE (Tax on property held abroad) and IVAFE (Tax on financial assets held abroad, even if one has the mere availability of such assets). For example, all co-owners of a checking account must complete the RW form.