July 31, 2017 is the deadline for regularizing the financial and estate assets held abroad by individuals who, in the years between 2009 and 2015 (and in some cases since 2004), qualified as resident taxpayers in Italy. The assets object of the voluntary disclosure procedure are also those instruments such as stock options, shares, restricted stock units, phantom stocks, stock appreciation rights, restricted shares  granted to employees further to a Plan approved by a Parent Company resident outside of Italy.

The missed compliance with the voluntary disclosure procedure leads to the assessment by the Italian Tax Authority of all interested subjects via an exchange of information between Italy and the relevant Countries.