OrbitaxDeductibility of costs incurred for acquisition of financial lease contract
|Approved Changes|Italy
On 8 August 2007, the Italian tax authorities issued Ruling No. 212 that deals with the deductibility, for corporate income tax purposes, of the costs incurred by the Purchaser for the acquisition of a financial lease contract (the "Costs").
(a) Facts. During the fiscal year 2006, an Italian resident company (the "Purchaser") purchased a financial lease …
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