jueves, 28 de julio de 2016

Italy: Further clarifications issued on tax ruling regime for new investments

Italy’s tax authorities issued guidance (Circular No. 25/E) on 1 June 2016 that provides important clarifications on the advance tax ruling regime for new investments. Tax rulings for new investments may cover projects undertaken by resident and nonresident companies and may apply to asset and share deals, as well as to any type of business reorganization or revamping of an existing business. Such rulings will provide certainty on the tax treatment of a qualifying investment in Italy.
The implementation rules for the new advance tax ruling regime were issued on 29 April 2016 by a ministerial decree, and on 20 May 2016 through guidance issued by the tax authorities. The rules apply as from 20 May 2016.
Source & more info: Deloitte

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