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Foreign tax law
Tax disclosure of profits and reserves from participations in low-tax countries (“black list”).
© Photo: Freepik
Tax disclosure of profits and reserves from participations in low-tax countries (“black list”).
© Photo: Freepik
The Annual Tax Act 2023 has introduced a substitute taxation of profits and reserves from participations in low-tax countries (“black list”):
For corporate tax purposes:
– 9% with no time limit on repatriation of profits/reserves after Italy.
– 6% for repatriation within 30.06.2024
For income tax purposes
– 30% with no time limit on repatriation of profits/reserves to Italy
– 27% if repatriated within 30.06.2024
Information
Andrea Ambrosi Defant – WP/StB.
andrea.ambrosi@northsouth.it
Companies with real estate assets located mainly in Italy
Vicolo Gumer, 9
I-39100 Bolzano
Alto Adige – Italy
Monday – Friday
08.30 – 12.30 & 14.00 – 17.30
