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Supreme Court decision on taxation of cross-border dividends distributions
- Norton Rose LLP
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- Italy
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- March 25 2009
In their decision No. 4600 of 26 February 2009, the Italian Supreme Court (Corte di Cassazione) considered the tax treaty entitlement of a Japanese fund in relation to dividends distributed by Italian companies via a US limited liability partnership
Deemed Italian tax residence for foreign entities holding interests in Italian closed real estate funds
- Norton Rose LLP
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- Italy
- -
- July 8 2008
The Decree introduced an anti-avoidance rule, in order to combat the setting-up of foreign entities with no effective tax residence abroad, holding interests in Italian closed real estate funds
Changes to the tax treatment of real estate funds
- Norton Rose LLP
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- Italy
- -
- July 8 2008
Starting as from FY 2008, closed real estate funds are subject to a 1 per cent wealth tax
Higher withholding tax on income paid by real estate funds to their investors
- Norton Rose LLP
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- Italy
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- July 8 2008
Real estate funds (including “family” closed real estate funds mentioned above) are not subject to IRES and IRAP
