Italy - Tax Issues in Consensual Debt Restructuring
- V. Salvadori di Wiesenhoff; R. Egori
- Derivatives & Financial Instruments, 2012 (Volume 14), No 5
- 20 September 2012
The authors review the income tax treatment commonly applied to consensual debt restructuring in Italy. In some circumstances, such transactions could imply the recognition of gains in the income statement of the borrower, which could, in turn, trigger potential tax consequences.