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Italy Provides Guidance on Extension of Participation Exemption for Capital Gains of Non-Residents

|Approved Changes|Italy
Italy

The Italian Revenue Agency has issued Circular No. 17/E of 29 July 2024, which clarifies the participation exemption for capital gains from the sale of shareholdings by qualifying non-resident companies. As part of the Budget Law for 2024, the domestic participation exemption (95% exemption) for capital gains on the disposal of qualifying shareholdings was extended so that it is also available…

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