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Italy - New Withholding Taxes on Interest Paid to Non-Resident Entities: Beneficial Ownership Requirement as a Shield against Conduit Structures

Country:
Italy
Author:
G. Labombarda; G. Bitetti
Issue:
European Taxation, 2012 (Volume 52), No 1
Published:
20 December 2011
This article discusses a new provision that imposes a withholding tax of 5% on interest payments that meet all of the requirements for benefitting from the EU Interest and Royalties Directive except for the condition regarding beneficial ownership.
 
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