Italy - Withholding Tax Exemption for Interest on Medium and Long-Term Loans
- M. Gusmeroli
- European Taxation, 2015 (Volume 55), No 8
- 9 July 2015
Loan interest withholding tax has long been an issue for both foreign lenders and Italian borrowers, with the latter usually bearing the economic cost thereof. A new provision, discussed in this article, exempts from withholding tax interest on medium and long-term loans granted by banks established in the European Union (as well as by European insurance companies and supervised institutional investors).