Italy - The Deductibility of Costs Arising from Transactions with Residents of Tax Havens
- L. Banfi; A. Brambilla
- European Taxation, 2011 (Volume 51), No 2/3
- 21 January 2011
This article provides an overview of the Italian provisions regulating the tax deductibility of costs of Italian enterprises related to transactions undertaken with counterparties based in tax havens and of potential developments in respect of the interpretation of the law in light of recent clarifications issued by the tax authorities and decisions of the Italian Tax Courts.