Vicenza Tax Court rules on Quadro RW and residency

A ruling by the Court of Tax Justice of Vicenza (sentenza n. 35/2026) has clarified the relationship between tax residency and the obligation to complete the Quadro RW monitoring form. The court established that the requirement to monitor foreign assets is predicated on the taxpayer being a fiscal resident of Italy.

If a taxpayer can prove they were not a fiscal resident during the tax period, the subjective requirement for monitoring is removed. Consequently, any penalties for the failure to declare foreign activities are also invalidated. The ruling emphasizes that tax residency is the primary requirement to be verified before any monitoring obligations or related sanctions can be applied.