New Italian Tax Regime for Non-Commercial Trusts and Foundations

Journal
Italy
European Taxation 2015 (Volume 55), No. 6
On 23 December 2014, the Italian parliament converted the proposed Financial Bill for 2015 into law (Law 190/2014), which introduces a new tax regime for trusts and, in general, Italian entities (including, for example, foundations) not performing commercial activities. This note highlights and comments on the legislative changes.