Italy:
ATAD Directive Adoption In Italy
14 June 2019
Puri Bracco Lenzi e Associati
To print this article, all you need is to be registered or login on Mondaq.com.
Starting from January 1st, 2019, Italy adopted (through
Legislative Decree no. 145/2018) the so-called EU "Anti-Tax
Avoidance Directive" no. 2016/1164 ("ATAD 1"), as
modified by the EU Directive 2017/952 ("ATAD 2"),
finalized at strengthening the existing provisions against
international tax avoidance behaviours. The main measures affect:
(i) interests deduction; (ii) the controlled foreign companies
(CFC) rule; (iii) dividends and capital gains related to black
listed companies, (iv) the definition of "financial
intermediaries"; (v) exit/entry taxation for tax payers moving
their residence from/to Italy; and (vi) hybrids mismatches.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Tax from Italy
Tax – A Shake-Up Looms
Herbert Smith Freehills
Few developments in the tax world have an impact on a truly global scale, but the so-called 'Pillar Two' rules – essentially a global minimum corporate tax – is one of them.
Tax Saving Tips For Your Cyprus Company
McMillan Woods
Cyprus has an extensive network of double tax treaties with various countries, which can help in reducing or eliminating double taxation. Take advantage of these treaties to minimize your tax liabilities.
Tax Facts 2024
Highworth
Highworth (Cyprus) Ltd, a trusted leader in financial services, proudly presents the Tax Facts of 2024.
Tax Relief On Debt For Companies
Lubbock Fine
When financing your business operations through borrowing, one of the main considerations will be whether the interest cost is deductible, and to what extent if it is. In the UK...