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Taxation of income transferred to Italian beneficiaries from non-EU resident trusts
Studio Legale e Tributario Biscozzi Nobili Piazza
  • Italy
  • 28 November 2019

Since the introduction of provisions to the Income Tax Code aimed at regulating the taxation of trusts and related beneficiaries, the tax treatment applicable to income distribution from foreign opaque trusts has not been clarified by law. A new decree law has filled this legal void by providing for a new class of 'financial income', represented by income paid to Italian resident beneficiaries by non-EU trusts established in low-tax jurisdictions.

Tax Authorities Clarify Rules on Trusts
  • Italy
  • 25 October 2007

A circular letter recently issued by the Italian tax authorities sheds light on the application of new income tax and indirect tax rules to trusts. The circular letter includes guidance on establishing the place of residence of a trust and considers the application of the 'look-through' rule.

Marco Zanetti
Studio Legale e Tributario Biscozzi Nobili Piazza
  • Milan
  • Italy
Simona Zangrandi
Studio Legale e Tributario Biscozzi Nobili Piazza
  • Milan
  • Italy
Marco Abramo Lanza
Studio Legale e Tributario Biscozzi Nobili Piazza
  • Milan
  • Italy
Aldo Bisioli
Studio Legale e Tributario Biscozzi Nobili Piazza
  • Milan
  • Italy
Norton Rose Fulbright
Norton Rose Fulbright
Trevisan & Cuonzo
Trevisan & Cuonzo
DLA Piper
DLA Piper
Franco Pozzi
Studio Legale e Tributario Biscozzi Nobili Piazza
  • Milan
  • Italy