Italy - New Italian Tax Regime for Non-Commercial Trusts and Foundations
- S. Cammilleri
- European Taxation, 2015 (Volume 55), No 6
- 12 May 2015
On 23 December 2014, the Italian parliament converted the proposed Financial Bill for 2015 into law (Law 190/2014), which introduces a new tax regime for trusts and, in general, Italian entities (including, for example, foundations) not performing commercial activities. This note highlights and comments on the legislative changes.