Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 18 NOVEMBER 2020

The 2021 Draft Italian Budget Law

Arendt & Medernach
Arendt & Medernach
Contributor
Arendt & Medernach

Arendt & Medernach

About Arendt - your legal, tax and business services firm in Luxembourg Arendt combines the entire...

View firm profile
Explore more from Arendt & Medernach

The 2021 draft Italian budget law provides for new interesting tax measures applicable from 1st of January 2021 that will undoubtedly enhance investments in Italian companies by European investment

LuxembourgTax
Thierry Lesage
Thierry Lesage
Stéphanie Maschiella
Stéphanie Maschiella
Author LinkedIn connections

The 2021 draft Italian budget law provides for new interesting tax measures applicable from 1st of January 2021 that will undoubtedly enhance investments in Italian companies by European investment funds.

In particular, Luxembourg-based UCITs and AIFs managed by a regulated AIFM will benefit from full Italian tax-exemption on dividends received from and capital gains realised on their Italian shareholding (similar measures being already applicable to certain Italian outbound interest payments).

These new measures aim to put EU / EEA investments funds allowing an adequate exchange of information and Italian investment funds on the same tax footing, in line with a number of judgments rendered by the CJEU over the last decade on dividend payments and with the recent action launched by the EU Commission against France on capital gain taxation.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

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.

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

EU Tax Omnibus Package: Key Changes For Europe And Luxembourg

The European Commission's Omnibus proposal seeks to fundamentally reshape the EU's direct taxation framework by removing shareholding thresholds for dividend exemptions, eliminating prior authorization procedures, and harmonizing interest limitation rules across member states. This comprehensive reform promises to streamline cross-border investment structures while raising critical questions about the treatment of alternative investment funds and pension institutions under the new regime.
LuxembourgTax
CMS Luxembourg
CMS Luxembourg
Article

Luxembourg’s 2027 Budget Bill Proposes Corporate Tax Cuts And Changes To Capital Gains And Loss Carryforwards

Luxembourg's proposed 2027 budget law introduces significant corporate tax reforms, including a 1% reduction in corporate income tax rates that would lower the maximum aggregate tax burden in Luxembourg City to 22.80%. The Bill also extends the holding period for speculative gains on movable assets from six to twelve months and eliminates the 17-year limit on tax loss carryforwards, measures designed to enhance Luxembourg's competitiveness while encouraging longer-term investment strategies.
LuxembourgTax
Goodwin Procter LLP
Goodwin Procter LLP
Article

Luxembourg Budget 2027: Key Tax Measures For Businesses

Luxembourg's Finance Minister has unveiled a draft budget for 2027 that includes significant tax reforms affecting businesses and investors. The proposed changes include a reduction in corporate income tax rates, the removal of time limits on loss carryforwards, and enhanced investment tax credits for digitalisation and green projects. However, the extension of the speculation period for capital gains from six to twelve months will require careful consideration by fund managers and investors planning asset
LuxembourgTax
BUREN
BUREN