On 2 September 2015, Italian Parliament approved the Legislative Decree n. 128, which aims at providing certainty to taxpayers in their relation with Tax Authorities. Taxand Italy discusses further.
Legislative Decree n. 128/2015 repeals the general anti-avoidance provision and introduces in the Law n. 212 of 27 July 2000 (the so called Taxpayer’s rights Statute) the new article 10-bis which contains a general definition of abuse of law.
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The most relevant point of such Legislative Decree lays in the increased certainty regarding the possible tax consequences arising from business transactions carried out in Italy.
