Foreign tax law

Tax disclosure of profits and reserves from participations in low-tax countries (“black list”).

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

We advise you on a sector-specific basis

Vicolo Gumer, 9

I-39100 Bolzano

Alto Adige – Italy

Monday – Friday
08.30 – 12.30 & 14.00 – 17.30

Monday – Thursday
08.30 – 12.30 & 14.00 – 17.30
Friday
08.30 – 12.30