Italy - Notional Interest Deduction Regime Introduced
- F. Leone; E. Zanotti
- European Taxation, 2012 (Volume 52), No 8
- 6 July 2012
In this note, the authors explain the new notional interest deduction, which applies to equity increases after the 2010 fiscal year and provide initial comments as to how this new rule could favourably impact Italian investments carried out by foreign groups. Tax authority guidelines will likely be issued in the near future and will hopefully clarify some open issues.