Italy clarifies financial transactions tax in business restructuringMNE – MNE Tax

By Davide Anghileri, University of Lausanne

The Italian Revenue Agency has concluded that a sale stock in an Italian company in connection with a business restructuring is exempt from the financial transactions tax because the sale was exclusively aimed at changing the legal form of the entity that will hold the stake in the Italian company not profit from the sale.

As described in Resolution n. 28/E, published 9 March, the case at stake involves a business restructuring through which 25 % of shares in an Italian company are sold by a Dutch company (the seller) to a British company (the buyer). Both the buyer and the seller are equally owned by a Dutch foundation and a British investment fund.

The issue relates to the tax regime applicab…

Read the full article at:

Related Posts