Italy Tax News

European Commission refers Italy and Luxembourg to ECJ for not implementing Directive amending EC Parent-Subsidiary Directive

13 August 2006

Thin capitalization rules not applicable to interest paid by Italian PE to US head office; deductibility of interest expense under transfer pricing rules analyzed

11 July 2006

Treaty between Peru and Italy – negotiations

14 June 2006

CFC rules: Council of State (Consiglio di Stato) approved implementing rules for "related entities"

14 June 2006

Ruling on application of EC Parent-Subsidiary Directive to trust companies

14 May 2006

Treaty negotiations between Saudi Arabia and Italy

9 April 2006

Treaty between Ireland and Italy – Irish CGT not covered

9 April 2006

Protocol between India and Italy – details

9 April 2006

Corporate immigration – Italian resident status commences on date of deregistration from Spanish register of companies and transfer of effective management to Italy

16 March 2006

Protocol between India and Italy signed

19 February 2006

Guideline on implementing EU Interest and Royalties Directive published

1 January 2006

On 3 November 2005 the Indian Union Cabinet gave its approval for the signing of a protocol amending the India-Italy income tax treaty of 19 February 1993. Further details of the protocol will be reported subsequently.

6 December 2005

Draft Budget Bill for 2006 Participation exemption regime

6 December 2005

Draft Budget Bill for 2006 capital losses

9 November 2005

Decree-Law modifying participation exemption regime approved by government

9 November 2005

In September 2005, the Revenue Commissioners announced the withdrawal, pending the receipt of legal advice on the subject, of their previous view that Irish capital gains tax is a tax

16 October 2005

Italy implements EU Interest and Royalties Directive

21 September 2005