Italy releases draft decree on new tax regimeApril 15, 2011
To attract foreign investments
On 6 April 2011, the Italian Ministry of Finance posted on its website a first draft of the decree (Draft decree) aimed at providing implementation guidelines on a new tax regime to attract European investment.
The new rules (introduced by Article 41 of Law Decree No. 78/2010, then converted into Law No. 122/2010) should allow EU enterprises investing in Italy to pick one of the 27 existing EU tax regimes.
The Draft decree was made public for discussion purposes only to invite any interested party to submit suggestions for amendments.
Further details are available from the Ernst & Young International Tax Alert which can be accessed using the link below: