The Italian Tax Authorities, through Ruling no. 379/2019 issued on September 11, 2019 (the Ruling), have clarified the tax treatment of interest on loans paid by Italian tax resident

LBO and MLBO transactions are often scrutinized by the ITA.

With few decisions of the beginning of July the Italian Supreme Court (Corte di Cassazione) decided that the withholding tax levied on dividend distributions made by...

Il principale strumento per garantire la tutela ambientale è quello fiscale.

The Italian Supreme Court has officially confirmed in two new legal decisions that trusts are entitled to tax relief under Italy's double tax conventions, regardless of any specific provision for them

Recently, Italian legislation led to a significant increase in taxation on the sale of investment gold by private individuals.

Italy has implemented a reduced 5% VAT rate on the sale and importation of artworks, antiques, and collectors' items.

Italy has recently introduced a territorial system of taxation to attract high net worth individuals, including successful individuals in the sports, arts, and fashion and design sectors...

Italy is considering a proposal to introduce a territorial system of taxation to attract high net worth individuals, including successful individuals in the sports, arts, and fashion and design sectors...

L’art. 44 del Disegno di Legge di Stabilità 2015 introduce una modifica al regime di tassazione dei dividendi percepiti dagli enti non commerciali, diminuendo notevolmente la quota esclusa da tassazione.

A new Italian real estate tax was recently introduced on property located outside of Italy, owned by individuals who are resident in Italy for Italian tax purposes, regardless of the use of the property.(Law Decree 6 December 2011 no. 201 - the so-called "Decreto Salva Italia").

The Italian legislator set forth a new regime reserved to retired people resident abroad and receiving pensions sourced outside Italy.

The Italian Government has continued to extend and update its white list of States and territories, adding a number of new states to the total of more than 130 States and territories.

As Italian tax residents are subject to tax on their worldwide income, foreign-sourced employment income is included in an individual's income when calculating personal income tax.

Italian tax residents must declare rental income from overseas properties in their annual tax returns, with the net profit taxed at applicable IRPEF rates plus IVIE on foreign real estate. Strategic expense documentation in the country of origin can significantly reduce Italian tax liability, sometimes to zero, making it crucial to understand how foreign property income is treated under Italian tax law.

One of the questions I am asked regularly is how income from property held overseas is taxed in Italy. Many people wonder whether rental income is exempt from Italian tax because tax has already been paid abroad...

By the issuance of the Ruling no. 365/2023, recently published, the Italian Revenue Agency (hereinafter also "the IRA")...

Tax Residency is always one of those issues that raises its head in batches, from time to time. Residency determines where you may or may not be located for tax purposes. The notion that you can be resident in Italy but pay tax elsewhere is an outdated notion and one that should be forgotten.

Italy will soon issue the Prime Ministerial Decree (the "DPCM") which implements a mandatory contribution of 0.5% of the taxable income of professional athletes and sportspeople.

The Tax Amnesty 2023 Framework, as set forth by Law no. 197/2022 (so called Budget Law 2023) has introduced the opportunity for settling formal tax breaches committed until October 31,2022.