Italy: Introduction of an Italian Financial Transaction Tax (IFTT)
Further to our Announcement A13031, dated 22 February 2013, we hereby inform you that, later on that day, 22 February 2013, the final Decree related to the application of the Italian Financial Transaction TAX (IFTT) was released.
The text of the Decree, as well as the list of Italian companies not in the scope of the IFTT, are available on the official website of the Italian Ministry of Finance (MEF) at the following address:
For the time being, all intermediaries are now waiting for a circular to be issued by the Italian Inland Revenue (Agenzia delle Entrate) that should provide explanations and operational guidelines, specifically with regard to the collection of the data, reporting and tax payments, as well as any further requirements to enable the intermediaries to act according to the law’s regulations.
| This Taxflash is intended to provide customers with general information gathered from different sources that are generally believed to be reliable. Clearstream Banking S.A. does not guarantee the accuracy or completeness of the information and does not undertake to keep it up to date. Use of the information made available in this Taxflash is at the customer’s own risk and Clearstream Banking S.A., its subsidiaries and affiliates expressly disclaim any liability for any errors or omissions reflected herein. The information in this Taxflash does not constitute legal or tax advice. |