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01-07-2014 - Law Decree No. 91/2014: WHT exemptions

On 24 June 2014 the Italian Government issued Law Decree No. 91/2014 containing several provisions to stimulate business. 
Among these provisions, Art. 22(1) introduced a withholding tax exemption for interest payments made by Italian companies on medium/long-term loans (those with maturity of at least 18 months) granted by financial institutions established within the EU. 

Law Decree No. 91/2014 is already in force (since 25 June 2014) and is due to be converted into law by the Italian Parliament within 23 August 2014 (i.e. 60 days from the date in which the Law Decree has been issued). During the conversion, amendments are still possible.

 

 

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